December 31, 2012 2011 2010 Total Primary Insurance Prime Number of insured loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 667,622 610,438 626,344 Number of loans in default. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,854 71,546 77,931 Percentage of total loans in default . . . . . . . . . . . . . . . . . . . . . . . . . . 9.12% 11.72% 12.44% Alt-A Number of insured loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,069 62,839 71,999 Number of loans in default. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,005 20,044 24,569 Percentage of total loans in default . . . . . . . . . . . . . . . . . . . . . . . . . . 29.60% 31.90% 34.12% A minus and below Number of insured loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,307 56,361 63,760 Number of loans in default. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,310 19,271 22,970 Percentage of loans in default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.08% 34.19% 36.03% Total Primary Number of insured loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770,998 729,638 762,103 Number of loans in default. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,169 110,861 125,470 Percentage of loans in default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.08% 15.19% 16.46% Default Statistics—Pool Insurance: Number of loans in default. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,147 21,685 32,456 Year Ended December 31, 2012 2011 2010 Beginning default inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110,861 125,470 151,998 Plus: New defaults (1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73,517 94,817 115,360 Less: Cures (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61,906 77,997 100,166 Less: Claims paid (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,933 24,479 25,765 Less: Rescissions (3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,433 4,852 4,440 Less: Denials (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,937 2,098 2,763 Less: Terminations of transactions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 8,754 Ending default inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,169 110,861 125,470 The following table shows a rollforward of our primary loans in default: __________________ (1)  Amounts reflected are compiled on a monthly basis consistent with reports received from loan servicers.  The number of  new defaults and cures presented includes the following number of monthly defaults that defaulted and cured within the  periods indicated:  (2)  Includes those charged to a deductible or captive. (3)  Net of any previously rescinded policies or denied claims that were reinstated during the period. Such reinstated  rescissions may ultimately result in a paid claim, while any previously denied claims are generally reviewed for possible  rescission prior to any claim payment.  (4)  Net of any denied claims that were reinstated during the period. Such previously denied but reinstated claims are  generally reviewed for possible rescission prior to any claim payment.  A significant number of denials in 2012 relate to  one servicer. 109 Year Ended December 31, 2012 2011 2010 Intra-period new defaults. . . . . . . . . . . . . . . . . . . . . . 42,159 53,103 67,276