MGIC posts smaller loss as fewer homeowners default

Thu Jan 23, 2014 7:18am EST

Jan 23 (Reuters) - Mortgage insurer MGIC Investment Corp posted a smaller quarterly loss as fewer U.S. homeowners defaulted in a recovering housing market.

MGIC reported a fourth-quarter loss of $1.4 million, and broke even on a per share basis, compared with a loss of $386.7 million, or $1.91 per share, a year earlier.