New quarterly business was solidly higher at MGIC Investment Corp., as were earnings. Also improving was the rate of delinquency on its book of business.

From July 1 through Sept. 30 of this year, income before taxes at the Milwaukee-based mortgage insurance company was $232 million, according to third-quarter earnings data.

Results at the parent of Mortgage Guaranty Insurance Corp. were better than the same three months last year, when income came to $184 million.

Source: Mortgage Daily