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tommiegun54

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tommiegun54

Re: None

Friday, 07/10/2020 1:11:03 PM

Friday, July 10, 2020 1:11:03 PM

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CLAIMS DECLINE IN Q2 2020 TO 661 FROM 897 SEQUENTIALLY

MGIC CLAIMS DECLINED IN Q2 2020 AND CONTINUED THE DECLINING TREND OVER THE LAST SEVERAL YEARS..

PROFIT SHOULD MIRROR Q1 IN Q2 2020, AT $.42 CENTS A SHARE.

CLAIMS WILL PROBABLY INCREASE IN H2 DUE COVID-9 HOWEVER, TO WHAT EXTENT IS UNKNOWN DUE THE SIGNIFICANT FORBEARANCE PROGRAMS.

IN ADDITION,THE PMI MARKET IS OPERATING AGAINST THE BACKDROP OF THE BEST REAL ESTATE MARKET IN DECADES.

TO establish reserves for the covid delinquency, MGIC will probably suspend dividends to the holdingCo and shareholders.
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