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What: MGIC Investment
So what: PMI Group reported EPS of -$0.83, an improvement from -$1.11 in the year-ago quarter. The net loss amounted to $151 million. The improvement was driven by a $151 million gain on the sale of a discontinued operation and a $123 million improvement in the fair value of certain company debt.
Now what: Your Foolish servant tried to warn investors that monoline private mortgage insurers MGIC Investment, PMI Group, and Radian Group
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