Industry News

MGIC tightening underwriting standards in 30 markets

Private mortgage insurer facing $2 billion in claims in 2008
Published on Feb 8, 2008

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by CareyBot

Thousands of borrowers in 22 states will no longer be able to obtain private mortgage insurance from MGIC Investment Corp. after March 3, when the company raises its minimum standards in 30 restricted markets. The latest changes to MGIC’s underwriting ...