Source Pravda.Ru

MGIC Investment reports profit loss

MGIC Investment Corp, the largest U.S. mortgage insurer, reported a quarterly loss on Thursday as more homeowners fell behind on mortgage payments.

Milwaukee-based MGIC posted a first-quarter net loss of $34.4 million, or 41 cents a share, compared with net income of $92.4 million, or $1.12 a share, in the year-earlier period.

In addition to mortgage insurance, MGIC provides lenders with various underwriting and other services and products related to home mortgage lending.

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

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