SeekingAlpha.com (Free subscription) | 07/16/2009
Karl Denninger submits: This is REALLY BIG folks: 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. Complete Story »
Market Watch (Free subscription) | 07/16/2009
LOS ANGELES (MarketWatch) -- Fitch Ratings on Thursday placed the long-term debt and senior-debt ratings of MGIC Investment Corp. on rating watch negative after the mortgage insurer said it's restructuring its core mortgage insurance operations. The agency also downgraded the insurer- financial-strength rating of Mortgage Guaranty Insurance Corp., an MGIC Investment Corp. subsidiary, to BBB- from...
Market Watch (Free subscription) | 07/16/2009
NEW YORK (MarketWatch) -- MGIC Investment Corp. said Thursday that its second-quarter loss was $339.8 million, or $2.74 a share, compared to a loss of $99.9 million, or 81 cents a share, in the year-ago period. Analysts surveyed by FactSet Research had expected, on average, a loss of 93 cents a share. Mortgage insurer MGIC's total revenues for the second quarter were $454.5 million, compared with...
Market Watch (Free subscription) | 04/29/2009
LONDON (MarketWatch) -- MGIC Investment Corp. said Wednesday that its first-quarter net loss widened to $184.6 million, or $1.49 a share, from $34.5 million, or 41 cents a share, a year earlier. The private mortgage insurance provider said the results reflects increased delinquencies, rising unemployment and lower home prices. The firm said it believes it has more than adequate resources to pay all...
The Business Journal of Milwaukee (Free subscription) | 03/13/2009
Two investment funds connected with a San Francisco Bay-area investor have purchased a total of 22.4 percent of MGIC Investment Corp.’s outstanding shares.
Dad29 (Free subscription) | 03/13/2009
Woopsie. MGIC Investment Corp. ... said in a late-Wednesday regulatory filing it deferred its interest payment on some debentures by 10 years. The filing, which revealed MGIC is likely having liquidity issues ...... Fitch Ratings put its credit ratings on MGIC and two of its units on watch for possible downgrade Thursday. ... Mortgage insurers such as MGIC cover potential lender losses on loans to...
www.OSIR.org.in (Free subscription) | 02/20/2009
MGIC Investment Corp ( MTG ) Stock Quote , Chart , News , Add to Watchlist TriQuint Semiconductor TQNT posted its Q4 and FY08 results yesterday after the market close. Q4 pro-forma EPS of $0.05 missed our estimate by a penny, with revenues came in Source: news.moneycentral.msn.com A library changing Kibera - East African [...]
www.OSIR.org.in (Free subscription) | 02/20/2009
MGIC Investment Corp ( MTG ) Stock Quote , Chart , News , Add to Watchlist TriQuint Semiconductor TQNT posted its Q4 and FY08 results yesterday after the market close. Q4 pro-forma EPS of $0.05 missed our estimate by a penny, with revenues came in Source: news.moneycentral.msn.com
Calculated Risk (Free subscription) | 02/17/2009
Tanta used to joke "It's not a real estate bust until a mortgage insurer goes down". Of course Triad went down last year ... From the WSJ: Moody's Slashes Ratings on Mortgage Insurers (ht Shnaps) Ratings on MGIC Investment Corp. and Radian Group Inc. were cut Friday several notches to junk status because of what Moody's called deterioration in their franchise value, the likelihood of sustained...
The Earth Times Online Newspaper (Free subscription) | 02/13/2009
CHICAGO - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: TriQuint Semiconductor (NASDAQ:
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