MGIC's Delinquent Inventory Drops in December

MGIC Investment Corp. said on Friday that its delinquent inventory dropped slightly in December compared to a month earlier.

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The Milwaukee-based mortgage insurer reported there are 79,901 delinquent loans it insures which haven't been foreclosed upon, a decline of less than 1% from November, according to its monthly operational summary.

MGIC also said that it wrote $3.3 billion in new insurance, representing a 14% increase from the previous month.

Delinquencies at Radian in Philadelphia also fell by 1% in December, the company said Wednesday.

 

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