If you google old republic sec filing you will find the document clearly showing ori recording their 6.7 % ownership. I could' t find any older issues and assumed it was new.
I finally went back over last years info and found in fact that they owned the shares then.
I thought it was new it was dated yesterday it was just the day of the filing.
Bottom line, they always owned these shares but sold just a small amount. so they feel confident
and kept the shares.
I must have been drunk..
ORI bought the shares in late 2007 or 2008 when MTG dropped from $60 to $30 per share.
ORI has indicated an interest in recapitalizing its MI company, but the shares it owns in MTG were purchased five years ago.