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.

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Losses incurred in the quarter were $688 million, down slightly from last quarter and up from $235 million a year ago; claims paid in the quarter was $385 million up slightly from $371 million.

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