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Loan Modification

: The Truth About Mortgage.com

MGIC Seeking Capital to Continue Writing New Mortgage Insurance

By scot184

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MGIC reported its seventh straight quarterly loss today and disclosed that it was actively seeking capital to ensure it can continue to write new mortgage insurance policies. The Milwaukee-based private mortgage insurer reported a first quarter net loss of $184.6 million, up sharply from $34.5 million a year ago. The company blamed the loss on increased delinquencies, [...]

Full post as published by The Truth About Mortgage.com on April 29, 2009 (boomark / email).

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