|By Paul Gores, Milwaukee Journal Sentinel|
|McClatchy-Tribune Information Services|
MGIC posted a net loss of
It was the ninth consecutive quarterly loss for the company, which has been hit hard by the housing slump and high unemployment. Mortgage insurers like MGIC pay lenders part of their costs when borrowers default on mortgage loans.
Total revenue in the quarter was
<p>Losses incurred, driven mainly by increases in claims, rose to
Among positive developments cited by MGIC: New insurance written in the quarter totaled
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