MGIC Investment Corp. (MTG)

[tommiegun54]

MGIC REMOVES $168 MILLION IN DELINQUENT LOANS IN Q2 2021

MGIC DELINQUENT LOANS DECLINED BY 9,776 TO 42,999 FROM 52,775 IN MARCH 31, 2021, IN Q2 AS BORROWERS CAUGHT UP ON DELINQUENCIES AND OTHERS RESTRUCTURED THEIR LOAN BALANCES.

At the end of the quarter 34% of new delinquency was under forbearance, while 55% of delinquent inventory were in forbearance.

What will MGIC do with the cash?
Add more to reserves for loan losses and #2) Show higher profits in Q2 2021.