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MGIC Investment Corp. Message Board

  • paidbasher38291 paidbasher38291 Oct 31, 2012 7:50 PM Flag

    sounds like mtg was in the wrong on the pool deals

    mtg is agreeing to pay something upfront, and more over four years, must be a pretty big amount, my guess is at least $300m, $100M upfront + $50m a year for four years, something like that, if they amount was $100M or less, mtg would just pay it up front and get it over with, but it must be big enough they can't afford to pay it all at once, as i said before, mtg will live to die another day, eventually the losses will get them, but freddie will let them live for now so they can maximize their take from mtg.

    Sentiment: Strong Sell

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