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- More Mortgage Jobs; Chunk of MGIC Purchased; HARP 2.0 Comments; New Correspondent
- Lawsuit against MGIC dismissed
- MGIC Has $165 Million Loss in Insurer's Fifth Straight Unprofitable Period
- MGIC Rises on Drop in New Claims, Smaller Than Expected Loss
2009-09-15 — housingwire.com
Mortgage insurer MGIC Investment Corp. (MTG: 9.445 +4.25%) is delaying for a decade an upcoming interest payment to certain noteholders.
The company said in a Securities and Exchange Commission filing Monday it will defer an interest payment originally due October 1. MGIC will delay the payment for 10 years — until Oct. 1, 2019 — on its 9% convertible junior subordinated debentures due 2063.
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