Private-mortgage insurer MGIC Investment Corp.'s (MTG) inventory of delinquent loans declined 3.6% in May from April.
MGIC Investment--the largest mortgage insurer for Fannie Mae (FNMA) and Freddie Mac (FMCC)--has been plagued by billions in losses in recent years. Mortgage insurers cover potential lender losses on loans typically given to borrowers who don't make a 20% down payment for their home purchases.
MGIC Investment's primary delinquent inventory of loans declined to 122,055 last month from 126,610 during April.
Primary new insurance written in May rose to $2.8 billion from $2.4 billion in the prior month.
MGIC Investment reported in April its first-quarter loss widened sharply as lower investment gains contributed to a broader decline in revenue.
Shares closed Friday at $6.12 and were inactive premarket. The stock has climbed 25% over the past three months.