Mark Zandi Joins MGIC Investment Board

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Jul 22, 2010, 12:48 ET

MILWAUKEE, July 22 /PRNewswire-FirstCall/ -- MGIC Investment Corporation (NYSE: MTG) today announced that Dr. Mark Zandi has joined the company's Board of Directors. Dr. Zandi is chief economist of Moody's Analytics, where he directs economic research and consulting. Moody's Analytics is a subsidiary of Moody's Corporation that is separately managed from Moody's Investor Service, the rating agency subsidiary of Moody's Corporation.

"We are extremely pleased that MGIC will have the benefit of Mark's experience with macroeconomic models, financial markets and public policy. We look forward to the valuable insight and perspective that Mark will bring to our Board," said Curt Culver, MGIC's chairman and CEO.

Dr. Zandi's recent research has focused on the determinants of mortgage foreclosure and personal bankruptcy, analyzed the economic impact of various tax and government spending policies, and assessed the appropriate policy response to bubbles in asset markets. An adviser to policymakers and resource for economic analysis for businesses, journalists and the public, Dr. Zandi has frequently testified before Congress and has advised the Obama administration as well as senior Republican policymakers.

Dr. Zandi received his PhD at the University of Pennsylvania, and received his Bachelor of Science degree from the Wharton School at the University of Pennsylvania.

About MGIC

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's leading provider of private mortgage insurance coverage with $202.4 billion primary insurance in force covering 1.3 million mortgages as of June 30, 2010. MGIC serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.

SOURCE MGIC Investment Corporation