Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Private mortgage insurance provider MGIC Investment Corp. (NYSE:MTG) reported second-quarter net income of $154.5 million, up 7.4 percent from $143.8 million for the same quarter a year ago. Diluted earnings per share rose to $1.56 in the second quarter, compared to $1.46 for the same quarter a year ago. Net income for the first six months of 2004 was $284.6 million, down 0.1 percent from $284.9 million for the same period last year. For the first six months of 2004, diluted earnings per share was $2.87 compared with $2.87 for the same period last year. Curt S. Culver, president and chief executive officer of MGIC Investment Corp. and Mortgage Guaranty Insurance Corp. (MGIC), in a company statement said that the lack of growth of insurance in force has continued to negatively impact ea...