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MGIC posts smaller loss as fewer homeowners default

Jan 23 (Reuters) - Mortgage insurer MGIC Investment Corp posted a smaller quarterly loss as fewer U.S. homeowners defaulted in a recovering housing market.

MGIC reported a fourth-quarter loss of $1.4 million, and broke even on a per share basis, compared with a loss of $386.7 million, or $1.91 per share, a year earlier.