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Mgic And Radian Face Subprime Blow

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More dross sinking.


MGIC and Radian face subprime blow

By Anuj Gangahar in New York

Published: July 31 2007 22:10 | Last updated: July 31 2007 22:10

Shares of Mortgage Guaranty Investment Corp and Radian Group slid on Tuesday after the home loan insurers said their combined investment of more than $1bn in a subprime mortgage company may be worthless.

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