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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (19950)	10/14/2004 11:05:16 AM
From: ild	Read Replies (1) \| Respond to of 110194

MTG numbers: jump in delinquencies biz.yahoo.com As of September 30, December 31, September 30, 2004 2003 2003 Direct Primary Insurance In Force ($ millions) 179,827 189,632 190,963 Direct Primary Risk In Force ($ millions) 46,535 48,658 48,808 Direct Pool Risk In Force ($ millions) (a) 2,998 2,895 2,753 Mortgage Guaranty Insurance Corporation - Risk-to-capital ratio 7.1:1 8.1:1 8.2:1 Primary Insurance: Insured Loans 1,447,051 1,551,331 1,573,265 Persistency 59.4% 47.1% 44.9% Total loans delinquent 83,940 86,372 85,039 Percentage of loans delinquent (delinquency rate) 5.80% 5.57% 5.41% Loans delinquent excluding bulk loans 43,496 45,259 44,717 Percentage of loans delinquent excluding bulk loans (delinquency rate) 3.80% 3.76% 3.67% Bulk loans delinquent 40,444 41,113 40,322 Percentage of bulk loans delinquent (delinquency rate) 13.40% 11.80% 11.41% A-minus and subprime credit loans delinquent (b) 35,135 34,525 33,583 Percentage of A-minus and subprime credit loans delinquent (delinquency rate) 15.75% 14.14% 13.73% (a) Represents contractual aggregate loss limits and, at September 30, 2004, December 31, 2003 and September 30, 2003, respectively, for $4.8 billion, $4.9 billion and $4.0 billion of risk without such limits, risk is calculated at $395 million, $353 million and $288 million, the estimated amounts that would credit enhance these loans to 'AA' level based on a rating agency model. (b) A-minus and subprime credit is included in flow, bulk and total.