MGIC Investment Corp. ended April with 2,606 fewer delinquent loans on its books as the number of new notices declined from the prior month.
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MGIC ended April with 69,630 delinquent loans, according to data the mortgage insurer released Friday.
The reduction occurred in part due to the smaller number of new delinquencies the Milwaukee-based company saw at just 5,400 loans versus 5,486 the month before.
Additionally, MGIC cured 6,522 loans while another 1,423 had the claim paid. A further 61 loans were written off through rescissions and denials.
Altogether, MGIC wrote $3.6 billion in primary new insurance during the month, the same level as in March.
