MGIC Responds to Proposed QRM Rule

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Aug 01, 2011, 03:51 ET

MILWAUKEE, Aug. 1, 2011 /PRNewswire/ -- MGIC Investment Corporation's (NYSE: MTG) principal subsidiary Mortgage Guaranty Insurance Corporation will be filing a comment letter today with the six federal financial regulatory agencies responsible for defining "Qualified Residential Mortgage," as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

The comment letter will be available on MGIC's website later today. Interested parties may access the comment letter at http://mtg.mgic.com, under Investor Information, Webcast/Presentations.

About MGIC

MGIC (http://www.mgic.com/), the principal subsidiary of MGIC Investment Corporation, is the nation's leading provider of private mortgage insurance coverage with $182.4 billion primary insurance in force covering 1.2 million mortgages as of June 30, 2011. 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. From time to time MGIC Investment Corporation releases important information via postings on its corporate website without making any other disclosure and intends to continue to do so in the future. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information can be found at http://mtg.mgic.com under Investor Information.

SOURCE MGIC Investment Corporation