US Mortgage Insurer

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Anyone Invested in MGIC is a Moron

MGIC is the largest U.S. mortgage insurer – outside of the U.S. Government, of course. They released horrible results, forecast massive future losses, and will issue $700 million of new stock on top of $300 million in junk bonds. Perhaps – with much emphasis on that modifier – there might be asset coverage for the … Continue reading

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