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Real Estate & Property Law

: Housing Wire

MGIC Downgraded by Fitch

By PAUL JACKSON

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Update 1: Reflects Fitch’s correction of new IFS rating. Fitch Ratings said late Thursday that it had downgraded mortgage insurer MGIC Investment Corp. (MTG: 1.12 -11.11%), citing ongoing “capital constraints” and increased likelihood of losses as the U.S. residential housing sector continues to sour. MGIC saw its insurer financial strength rating downgrade to ‘BB,’ which is [...]

Full post as published by Housing Wire on March 19, 2009 (boomark / email).

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