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Real Estate & Property Law

: Housing Wire

Insurance Regulator Waives MGIC?s Capital Requirement

By DIANA GOLOBAY

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The Office of the Commissioner of Insurance (OCI) in Wisconsin waived until Dec. 31, 2011 a requirement that Mortgage Guaranty Insurance Corp. (MGIC) — subsidiary of MGIC Investment Corp. (MTG: 5.24 +13.17%) — maintain a certain minimum regulatory capital to write new mortgage guaranty policies. It’s part of MGIC’s plan to continue to write new business [...]

Full post as published by Housing Wire on December 03, 2009 (boomark / email).

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