MILWAUKEE, May 9, 2016 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today issued an April 2016 Operational Summary of the primary mortgage insurance of its insurance subsidiaries. The summary is also available on the company's website at http://mtg.mgic.com, under Investor Information, Press Releases.

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 number of business days in a month, and by transfers of servicing between loan servicers.



                       April 2016        April 2015        Change
                       ----------        ----------        ------

    Insurance in Force
     (billions)                   $175.2            $166.7           5.1%

           Flow Only              $165.0            $155.2           6.3%


    Beginning Primary
     Delinquent
     Inventory (# of
     loans)                       55,590            72,236        (23.0%)

    Plus: New
     Delinquency
     Notices                       4,887             5,400         (9.5%)

    Less: Cures                    5,855             6,522        (10.2%)

    Less: Paids
     (including those
     charged to a
     deductible or
     captive
     reinsurer)                    1,100             1,423        (22.7%)

    Less: Rescissions
     and Denials (1)                  33                61        (45.9%)

    Ending Primary
     Delinquent
     Inventory (# of
     loans)                       53,489            69,630        (23.2%)



    (1)              Refer to our Form 10-K filed
                     with the Securities and
                     Exchange Commission on
                     February 26, 2016 for
                     information about our
                     suspension of certain
                     rescissions and the number of
                     rescissions suspended as of
                     December 31, 2015.

About MGIC

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. At April 30, 2016, MGIC had $175.2 billion of primary insurance in force covering approximately one million mortgages.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, including corrections of previous disclosures, without making any other disclosure and intends to continue to do so in the future. 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 can be found at http://mtg.mgic.com under Investor Information.

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SOURCE MGIC Investment Corporation