MGIC expects $1.3 billion Q4 loss

Mortgage insurer MGIC Investment Corp. expects fourth-quarter losses to hit $1.3 billion and that the company will stay in the red this year as it pays out up to $2 billion in claims, up from a previous estimate of up to $1.5 billion.

MGIC said its year-end inventory of delinquent loans rose by nearly 18 percent from the end of the third quarter, to 107,120 loans.

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