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MGIC Investment Corp. Message Board

  • maosteve95 maosteve95 Oct 30, 2012 3:33 PM Flag

    Status update tommorrow regarding to the disput with Freddi M

    According to the update last time
    Continuation of Freddie Mac's approval of MIC requires the $100 million capital contribution be made by December 1, 2012. It also requires the two additional conditions in Freddie Mac's August 1, 2012 letter be met.

    The first condition is that by October 31, 2012 MGIC and Freddie Mac must reach agreement as to substantially all terms to resolve their pool insurance dispute. The status of the parties' communications regarding this dispute is subject to a confidentiality agreement with Freddie Mac. Therefore, MGIC Investment will make no comment about this condition.

    Sentiment: Strong Buy

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