However, an investor that is willing to wait until mid-2013 and, you will see that it was worth the wait. The macro picture looks good the overall "Mortgage Insurance Industry".
It is just that "partial settlement with Freddie MAC" prohibits rescissions until they can show that the $535 million they owe Freddie has been paid on the pooled policies. (see SEC 8-K dated Apr. 2012)
"The difference in the two interpretations, the company said, is about $535 million. Had MGIC used Freddie Mac's interpretation when calculating its results, the company said its losses would have more than tripled in the first quarter."