MGIC Posts First Quarterly Loss on Writedown of Subprime Unit

Story date: 2007-10-17 04:51:00
Added on: 2007-10-17 10:00:21

Bloomberg - Greater losses on mortgage insurance may lie ahead because subprime loans made in 2007's first half are faring worse than last year's crop, he said. ``There won't be any reprieve until probably the back half of 2008.'' MGIC fell 26 cents ...


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