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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (211217)7/20/2009 8:52:17 AM
From: Jim McMannisRespond to of 306849
 
Big New Housing Problem: Mortgage Insurers Back Off

seekingalpha.com

NEW YORK, July 16 (Reuters) - Mortgage insurer MGIC Investment Corp reported a wider quarterly loss and said it will stop writing new business as losses mount in the battered housing sector, sending its shares down 14 percent in premarket trade.