Mortgage Insurer Regroups; Mgic Launches Rebuilding Effort After Recent Losses
The Milwaukee Journal Sentinel › April 20, 2008
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Summary
Like a homeowner recovering from an earthquake, MGIC Investment Corp. has been forced into a major rebuilding job.
But just as with the homeowner, MGIC can control only part of the project. The major question looming over it is what will happen with external factors.See the full content of this document
Extract
Mortgage Insurer Regroups; Mgic Launches Rebuilding Effort After Recent Losses
The earthquake that hit the Milwaukee company last year was caused by shifts in the nation's real estate and credit markets brought on by problems with subprime mortgages. That sent strong tremors through MGIC, the nation's largest mortgage insurance company. The tremors toppled the propose...
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