MGIC Investment subsidiary satisfies all conditions to Freddie Mac

theflyonthewall.com

MGIC Investment Corporation announced that on December 3 it will be transferring $100M to its subsidiary Mortgage Guaranty Insurance Corporation and that all other conditions required by Freddie Mac to continue Freddie Mac's approval of MGIC's subsidiary, MGIC Indemnity Corporation, or MIC, as a limited mortgage insurer through December 31, 2013 have been satisfied. MIC is also an approved mortgage insurer for Fannie Mae.

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