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MGIC Tanks Amid Liquidity Concerns 

Mar 13, 2009By

Shares of mortgage insurer MGIC Investment Corp. [stock MTG][/stock] tanked Thursday after the company said it would defer interest payments on $390 million in junior subordinated debt, in a filing with the Securities and Exchange Commission. Mortgage insurers, including MTG ,have been battered amid the long-running U.S. housing crisis.

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