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MGIC: Q4 Paid Losses Pegged at $1.3 Billion 

Jan 22, 2008By

MGIC released a market update late Tuesday warning that mortgages it insures are seeing a significant increase in defaults, while cure rates are touching historic lows. From the press statement: Cure rates have continued to deteriorate, resulting in a higher percentage of delinquent loans that become claims, and average claim size has also continued to increase.

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