MGIC Posts Sixth Straight Loss on Mortgage Insurance Claims
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MGIC Investment Corp., the mortgage insurer that injected $200 million into a subsidiary last month to keep writing policies, posted its sixth straight loss as borrowers struggled to make home-loan payments.
The fourth-quarter net loss narrowed to $135.3 million, or 67 cents a share, from $186.7 million, or 93 cents, a year earlier, the Milwaukee-based company said today in a statement.