{"id":411652,"date":"2021-01-11T06:48:12","date_gmt":"2021-01-11T11:48:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411652"},"modified":"2021-01-11T06:48:12","modified_gmt":"2021-01-11T11:48:12","slug":"mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/","title":{"rendered":"MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MILWAUKEE<\/span>, Jan. 11, 2021<\/span> \/PRNewswire\/ — MGIC Investment Corporation\u00a0(NYSE: MTG) has announced plans to release its fourth\u00a0quarter 2020 financial results after the market closes on Tuesday, February 23<\/span>, 2021.\u00a0A conference call\/webcast has been scheduled for\u00a010:00 a.m. Eastern Time\u00a0on Wednesday, February 24, 2021<\/span> to discuss the Company’s results for the quarter ended\u00a0December 31, 2020.<\/p>\n

Individuals interested in joining by telephone should dial 1-866-834-4126 ten minutes before the conference call begins. The call is also being webcast and can be accessed via the company’s investor website\u00a0http:\/\/mtg.mgic.com<\/a>\u00a0under Newsroom. A replay of the webcast will be available on the company’s website through\u00a0March 24, 2021.<\/p>\n

MGIC also today issued selected operating statistics for its insurance subsidiaries for the month of\u00a0December 2020\u00a0for their primary mortgage insurance.\u00a0The summary is also available on the company’s investor website under Newsroom, Press Releases<\/a>.<\/p>\n

The information concerning new delinquency notices and cures is compiled from reports received from loan servicers. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer generates its report, the accuracy of the data provided by servicers, the number of business days in a month, transfers of servicing between loan servicers, and whether all servicers have provided the reports in a given month.\u00a0Notices of delinquency are typically reported to us when loans are two payments past due (for example, for December we report as a new delinquency any delinquent loan that missed its November 1st<\/span> (or earlier) payment that was not previously reported to us.)\u00a0Delinquency activity will be influenced by various factors, including the length and severity of the COVID-19 pandemic in the United States<\/span>, the length of time that measures intended to reduce the transmission of COVID-19 remain in place, the resulting level of unemployment, and the impact of various government initiatives to mitigate the economic harm caused by COVID-19 and efforts to reduce its transmission.<\/p>\n

The information concerning the percentage of loans in forbearance is based on the most recent information provided by Fannie Mae and Freddie Mac (the GSEs), as well as loan servicers, and we believe substantially all reported forbearances are related to COVID-19.\u00a0While the forbearance information provided by the GSEs refers to delinquent loans in forbearance as of the prior month-end, the information provided by loan servicers may be more current. <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n October<\/span>\n <\/p>\n<\/td>\n

\n

\n November<\/span>\n <\/p>\n<\/td>\n

\n

\n December<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Beginning Primary Delinquent Inventory (# of loans) <\/span>\n <\/p>\n<\/td>\n

\n

\n 64,418<\/span>\n <\/p>\n<\/td>\n

\n

\n 61,521<\/span>\n <\/p>\n<\/td>\n

\n

\n 59,236<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Plus: New Delinquency Notices <\/span>\n <\/p>\n<\/td>\n

\n

\n 5,228<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,024<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,941<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Less: Cures<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,020<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,212<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,352<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Less: Paids<\/span>\n <\/p>\n<\/td>\n

\n

\n 105<\/span>\n <\/p>\n<\/td>\n

\n

\n 95<\/span>\n <\/p>\n<\/td>\n

\n

\n 112<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Less: Rescissions and Denials<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 2<\/span>\n <\/p>\n<\/td>\n

\n

\n 3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Ending Primary Delinquent Inventory (# of loans) <\/span>\n <\/p>\n<\/td>\n

\n

\n 61,521<\/span>\n <\/p>\n<\/td>\n

\n

\n 59,236<\/span>\n <\/p>\n<\/td>\n

\n

\n 57,710<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n % of New Delinquency Notices in Forbearance <\/span>\n <\/p>\n<\/td>\n

\n

\n 54%<\/span>\n <\/p>\n<\/td>\n

\n

\n 49%<\/span>\n <\/p>\n<\/td>\n

\n

\n 46%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n % of Primary Delinquency Inventory in Forbearance <\/span>\n <\/p>\n<\/td>\n

\n

\n 66%<\/span>\n <\/p>\n<\/td>\n

\n

\n 63%<\/span>\n <\/p>\n<\/td>\n

\n

\n 62%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n About MGIC
<\/b>Mortgage Guaranty Insurance Corporation “MGIC” (www.mgic.com<\/a><\/u>), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States<\/span>, Puerto Rico<\/span>, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. <\/p>\n

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC’s website for information related to underwriting and pricing, and intends to continue to do so in the future. Such postings include corrections of previous disclosures, and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https:\/\/mtg.mgic.com\/shareholder-services\/email-alerts<\/a><\/u>. For information about our underwriting and rates, see https:\/\/www.mgic.com\/underwriting<\/a><\/u>.<\/p>\n

\n Cautionary Note Regarding Forward-Looking Statements
<\/b>This press release may contain forward looking statements. Forward looking statements consist of statements which relate to matters other than historical fact, including matters that inherently refer to future events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. More information about the risks, uncertainties and assumptions affecting the company can be found in the risk factors included as Exhibit 99 to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020<\/span>, and in other filings we make with the\u00a0Securities and Exchange Commission.\u00a0No investor should rely on the fact that such statements are current at any time other than the time at which this press release was issued.<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics-301203545.html<\/a><\/p>\n

SOURCE MGIC Investment Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire MILWAUKEE, Jan. 11, 2021 \/PRNewswire\/ — MGIC Investment Corporation\u00a0(NYSE: MTG) has announced plans to release its fourth\u00a0quarter 2020 financial results after the market closes on Tuesday, February 23, 2021.\u00a0A conference call\/webcast has been scheduled for\u00a010:00 a.m. Eastern Time\u00a0on Wednesday, February 24, 2021 to discuss the Company’s results for the quarter ended\u00a0December 31, 2020. Individuals interested in joining by telephone should dial 1-866-834-4126 ten minutes before the conference call begins. The call is also being webcast and can be accessed via the company’s investor website\u00a0http:\/\/mtg.mgic.com\u00a0under Newsroom. A replay of the webcast will be available on the company’s website through\u00a0March 24, 2021. MGIC also today issued selected operating statistics for its insurance subsidiaries for the month of\u00a0December 2020\u00a0for their primary … <\/p>\n

Continue reading “MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411652","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MILWAUKEE, Jan. 11, 2021 \/PRNewswire\/ — MGIC Investment Corporation\u00a0(NYSE: MTG) has announced plans to release its fourth\u00a0quarter 2020 financial results after the market closes on Tuesday, February 23, 2021.\u00a0A conference call\/webcast has been scheduled for\u00a010:00 a.m. Eastern Time\u00a0on Wednesday, February 24, 2021 to discuss the Company’s results for the quarter ended\u00a0December 31, 2020. 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Individuals interested in joining by telephone should dial 1-866-834-4126 ten minutes before the conference call begins. The call is also being webcast and can be accessed via the company’s investor website\u00a0http:\/\/mtg.mgic.com\u00a0under Newsroom. A replay of the webcast will be available on the company’s website through\u00a0March 24, 2021. MGIC also today issued selected operating statistics for its insurance subsidiaries for the month of\u00a0December 2020\u00a0for their primary … Continue reading \"MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-11T11:48:12+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG41040&sd=2021-01-11","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics","datePublished":"2021-01-11T11:48:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/"},"wordCount":743,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG41040&sd=2021-01-11","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-schedules-4th-quarter-2020-earnings-call-and-releases-monthly-operating-statistics\/","name":"MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics - 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