MGIC Loses $97.9 Million in Q2; Early Trouble in 2008 Vintage?

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At least, that seemed to be the lesson of a second quarter earnings report released Thursday by MGIC Investment Corp., which said that it lost $97.9 million during the quarter as foreclosures.

Receivables increased from year-end $191 million to $193.3 million as well as retained earnings from $22.9 million to $25.7 million and equity from 143.6 million to $147.3 million. Microfinancial 8-K report:

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