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Mortgage insurer MGIC returns to profit as housing recovers
2013年7月23日 / 上午11点22分 / 4 年前

Mortgage insurer MGIC returns to profit as housing recovers

July 23 (Reuters) - Mortgage insurer MGIC Investment Corp posted its first quarterly profit in almost three years as fewer people defaulted on their home loans.

Milwaukee, Wisconsin-based MGIC posted a net profit of $12.4 million, or 4 cents per share, in the second quarter, compared with a loss of $273.9 million, or $1.36 per share, a year earlier.

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