Margaret Crowley, Vice President of Marketing and Customer Experience at MGIC
, said, "We're pleased to expand our integration to benefit our mutual customers.
In her new role, Lanik will serve MGIC
customers throughout Tennessee, excluding Memphis.
Through its subsidiaries, MGIC
provides private mortgage insurance and ancillary services in the US.
Using a portion of these net proceeds and common stock, MGIC
Lacy began his career at MGIC
in 1971 in the company's secondary mortgage group.
When retired in 1999, MGIC
was the nation's leading provider of private mortgage insurance with insurance-in-force of over $145 billion, covering 1.
Mortgage insurers such as MGIC
and Radian Group Inc have revived their fortunes as home prices appreciate and their main competitor, the Federal Housing Administration, cuts its exposure to the market by charging higher premiums.
We are excited to partner with MGIC
on this important enhancement to Defender," said Steve Chambers, chief marketing officer at SpeechWorks.
Having recently consolidated its entire infrastructure onto EMC automated networked storage, MGIC
is utilizing SunGard Availability Services' infrastructure and services and EMC's MirrorView and SRDF (Symmetrix Remote Data Facility) software to replicate its information to a remote site 100 miles away from its headquarters.
According to a shareholder lawsuit pending in the United States District Court for the Eastern District of Wisconsin, during the foregoing period MGIC
and certain of its executive officers failed to disclose and/or misrepresented the Company's exposure to losses related to its investments in entities established to invest in risky subprime mortgages.
0 percent convertible junior subordinated debentures due 2063 owned by holders other than MGIC
The delinquency rate for loans insured by MGIC
, excluding bulk loans, was 9.