Industry NewsMortgage

MGIC boosts revenue, raises capital in Q1

Mortgage insurer struggles to keep ratings
Published on Apr 17, 2008

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by CareyBot

The parent company of Mortgage Guaranty Insurance Corp. lost $34.4 million in the first quarter, but investors were cheered that revenues grew 14.7 percent from a year ago, to $423.9 million, and that the company is raising capital to restore ...