New business during the final-three months of last year declined at MGIC Investment Corp., while delinquency rose. The book of business grew.

Fourth-quarter 2017 earnings data released Thursday by the Milwaukee-based organization indicate income before taxes came in at $245 million.

Income improved from the final quarter of 2016, when the total was $162 million. Earnings also ascended from the preceding quarter, when they were reported at $184 million.

Source: Mortgage Daily