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MGIC Settles Part of BofA Mortgage Dispute, Agrees to Mediation

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April 25 (Bloomberg) -- MGIC Investment Corp., the mortgage insurer whose shares more than doubled this year, said it settled part of a dispute with Bank of America Corp. over loans that it covered.

The accord excludes a disagreement over the curtailment of some coverage, and the parties plan to mediate the dispute and enter arbitration if necessary, Milwaukee-based MGIC said today in a regulatory filing.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net