Welcome to our dedicated page for Mgic Inv Cp news (Ticker: MTG), a resource for investors and traders seeking the latest updates and insights on Mgic Inv Cp stock.
MGIC Investment Corporation reports developments in private mortgage insurance through its principal subsidiary, Mortgage Guaranty Insurance Corporation. MGIC serves mortgage lenders across the United States with insurance solutions that support mortgage credit risk management and low-down-payment lending.
Recurring MTG news includes quarterly operating results, portfolio statistics, new insurance written, reinsurance arrangements, and capital management actions such as dividends and share repurchases. Company updates also cover board and governance changes, lender-facing technology integrations, and product-service enhancements tied to MGIC's mortgage insurance operations.
MGIC Investment Corporation (NYSE: MTG) has announced the release of its 2nd quarter 2020 financial results on August 5, 2020, before market opening. A conference call will be held at 10:00 a.m. ET to discuss the results for the quarter ending June 30, 2020. Notably, MGIC reported a significant increase in its primary delinquent inventory, rising from 30,243 loans in May to 69,326 in June, reflecting challenges amid the COVID-19 pandemic. The company expects continued increases in delinquencies due to ongoing economic pressures.