MGIC Loses $97.9 Million in Q2; Early Trouble in 2008 Vintage?

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Why the Financial Crisis Happened: Housing, Finance, Fannie Mae, Countrywide (2012) At least, that seemed to be the lesson of a second quarter earnings report released Thursday by MGIC Investment Corp., which said that it lost $97.9 million during the quarter as foreclosures.

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MGIC Investment Corp. (NYSE:MTG) Q2 2008 Earnings Call July 17. For the quarter, we reported a net loss of $97.9 million with a diluted loss per share of $0.79. During the quarter we insured $14.

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