MGIC Investment Corp. saw its inventory of delinquent loans resume its reduction in February after growing the month prior, according to data the mortgage insurer released Monday.
MGIC ended February with 75,471 delinquent loans, a decrease of 4,673 from the month prior, the company said in a press release. This downward movement returned the Milwaukee-based company to its longstanding trend of decreasing its inventory of delinquent loans after
In February, MGIC did see 5,640 newly delinquent loans, but it offset this by curing 8,727 loans and seeing an additional 1,493 go through claims paid. Additionally, the company trimmed 93 more loans through rescissions and denials.
MGIC had $164.9 billion of primary insurance-in-force at the end of 2014.
