Industry News

MGIC says it will survive, but won’t profit in 2008

Future claims on loans sold to investors drive $1.47 billion loss
Published on Feb 13, 2008

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Private mortgage insurer MGIC Investment Corp. said fourth-quarter losses totaled $1.47 billion, as the company paid out more claims on bad loans and boosted projections of future claims on loans that were bundled up as collateral for securities sold to ...