Industry News

MGIC posts $372 million Q3 loss

Mortgage insurer expects to stay in the red in 2008
Published on Oct 17, 2007

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by CareyBot

Mortgage insurer MGIC Investment Corp. today reported a $372.5 million third-quarter loss, and said it does not expect to make a profit next year as it pays out up to $1.5 billion in claims. MGIC said losses for the quarter ...