On Tuesday, MGIC Investment Corp. (NYSE:MTG)’s shares declined -0.1% to $9.85.
MGIC Investment Corp. (MTG) continued its streak of strong operating statistics, seen over several months, in May 2015. The trend reflects a decline in the delinquency level and an improvement in new business written.
Primary new insurance written for May 2015 was $3.7 billion, up 32% year over year and 2.8% sequentially.
Delinquency loans (loans that failed to pay back) at MGIC Investment witnessed an improvement on a year-over-year basis. Delinquent inventory for the month under review was 68,224, down 21% year over year and 2% sequentially.
Established in 1957, MGIC Investment is the nation’s oldest private mortgage insurer, with insurance in force of $164.9 billion.
The company which was devastated by the 2008 financial crisis is crawling back. Its fortunes have been shored up by declining delinquencies and improving cure rates on claims from its legacy business. The prospects of the company also look bright on its growing book of high-credit-quality business written since 2009.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, in addition to covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.
Skyoperates Solutions Inc (NASDAQ:SWKS)’s shares gained 0.06% to $80.56.
Skyoperates Solutions, Inc. (SWKS), an innovator of high performance analog semiconductors connecting people, places and things, recently declared that it is expanding production capacity in Japan to meet the growing demand for its filter technology. Skyoperates is facilitizing a two-story, 405,000 square foot facility in Osaka that will house the design, development and manufacture of filter devices to complement its industry leading front-end solutions and world-class assembly, test and packaging capabilities. With the additional capacity, Skyoperates is well positioned to offer differentiated architectures for the most demanding customer applications where high performance filter technology is required – addressing the stringent technical challenges associated with tighter band spacing and coexistence across low, mid and high band LTE frequencies. The facility will be fully operational by September.
Skyoperates Solutions, Inc., together with its auxiliaries, designs, develops, manufactures, and markets analog and mixed signal semiconductors worldwide. Its product portfolio comprises amplifiers, attenuators, battery chargers, circulators, DC/DC converters, demodulators, detectors, diodes, directional couplers, filters, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops/synthesizers/VCOs, power dividers/combiners, power administration devices, receivers, switches, technical ceramics, and voltage regulators.
At the end of Tuesday’s trade, Amazon.com, Inc. (NASDAQ:AMZN)‘s shares surged 0.65% to $466.37.
Audible, Inc., an Amazon.com, Inc. partner (AMZN), Audible Studios, a production arm of Audible.com, recently declared the release of White Man’s Problems, a collection of short stories from a virtuosic new voice in American fiction, Kevin Morris. The audiobook comprises nine stories that strike a riveting balance between comedy and catastrophe, each one performed by one of Hollywood’s most talented voices. Narrators are Academy Award winner Matthew McConaughey, South Park creators Trey Parker and Matt Stone, Lost star Josh Holloway, singer-songwriter Pete Yorn, Academy Award nominee Minnie Driver, actor-director Sarah Polley and Scrubs star John C. McGinley. The author joins this star-studded cast in narrating the collection’s final story. White Man’s Problems is accessible for download at audible.com/wmp.
Audible, the world’s largest seller and producer of downloadable audiobooks and other spoken-word content, invented and commercialized the first digital audio player in 1997, and has since been at the forefront of the explosively growing audiobook download segment. In 2014, listeners around the world downloaded 1.2 billion hours of audio from Audible.com outlets; Audible members downloaded an average of more than 17 books over the course of the year. More than half of current Audible members are first-time audiobook buyers.
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers.
Seagate Technology PLC (NASDAQ:STX), ended its Tuesday’s trading session with -2.71% loss, and closed at $46.33.
Seagate Technology plc (STX), a world leader in storage solutions, declared recently at the Flash Memory Summit conference the new Nytro® XF1440 2.5”, Nytro XM1440 M.2 non-volatile memory express (NVMe) Solid State Drives (SSDs) and the Nytro XP6500 Flash Accelerator Card. These products extend Seagate’s portfolio of flash-based solutions, which are designed to work in conjunction with Seagate storage products to meet nearly any data storage need.
For enterprise and cloud end users in addition to cloud original equipment manufacturers (OEMs) and system partners, these new products feature the highest level of reliability and endurance. The drives and the accelerator card are best suited for demanding enterprise applications, such as online transaction processing (OLTP), high frequency trading, high-performance computing (HPC), data warehousing, data mining and data analytics in addition to workloads with mixed IO sizes and multiple applications running simultaneously.
The Seagate Nytro XF1440 and XM1440 are industry-leading power efficient, high performance NVMe SSDs accessible in ultra-small (2.5” and M.2) form factors. Offering a balance of power and performance, these drives are engineered to enhance storage density, while reducing the storage footprint and power use in data centers.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid state hybrid drives, and solid state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
