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Real Estate & Property Law

: Housing Wire

Mortgage Insurer MGIC Posts $273 Million Q4 Loss

By DIANA GOLOBAY

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Private mortgage insurer MGIC Investment Corp. (MTG: 2.13 -23.93%) on Tuesday reported a net fourth-quarter loss of $273.3 million — or $2.21 per share — compared to the $1.47 billion net loss in the year-ago quarter. Total 2008 losses came to $518.9 million, roughly a third of total 2007 losses, suggesting at least some improvement [...]

Full post as published by Housing Wire on January 20, 2009 (boomark / email).

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