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Real Estate & Property Law

: Housing Wire

MGIC Tanks Amid Liquidity Concerns

By PAUL JACKSON

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Shares of mortgage insurer MGIC Investment Corp. (MTG: 1.0725 +24.71%) tanked Thursday after the company said it would defer interest payments on $390 million in junior subordinated debt, in a filing with the Securities and Exchange Commission. Mortgage insurers, including MTG ,have been battered amid the long-running U.S. housing crisis. Thursday’s disclosure by MGIC sent shares [...]

Full post as published by Housing Wire on March 13, 2009 (boomark / email).

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