| Apr 23, 2012 5:31PM MGIC Investment Corporation reported its First Quarter 2012 financial results this morning in which it said its net losses for the quarter totaled $19.6 million, a significant improvement over the $33.7 million it lost during the same period in 2011. The financial information however was secondary to the litany of problems outlined in the report. MGIC is the nation's largest private mortgage insurer (PMI) with $169.0 billion primary insurance in force covering 1.1 million mortgages. It said, however... Apr 23, 2012 2:49PM Mortgages Rates are back to their lowest levels since February. For an increasing number of lenders, current rates begin to shift the balance towards 3.875% as being the only Best-Execution Rate for Conventional 30yr Fixed Loans. Best-Ex is currently shared by 3.875% and 4.0%. In many cases, the actual interest rate quoted by lenders will be the same today as it was last week, with the improvements seen in the form of lower closing costs (or increased lender credit toward closing costs as the case...
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