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REFILE-MGIC Investment posts tenth straight quarterly loss
February 28, 2013 / 12:10 PM / 5 years ago

REFILE-MGIC Investment posts tenth straight quarterly loss

Feb 28 (Reuters) - Mortgage insurer MGIC Investment Corp posted its tenth-straight quarterly loss as it continues to lose money on mortgages insured during the housing boom.

Its fourth-quarter loss almost tripled to $386.7 million, or $1.91 per share, from $135.3 million, or 67 cents per share, a year earlier.

The loss included a $267.5 million settlement with Freddie Mac.

MGIC agreed in November to make the payout to its primary counterparty to settle a dispute that threatened its future.

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