MGIC Investment Corp., Milwaukee, has reported net income of $143.8 million ($1.46 per share) for the second quarter, down from $170.9 million ($1.61 per share) for the same period in 2002.Curt S. Culver, president and chief executive officer of MGIC Investment Corp. and Mortgage Guaranty Insurance Corp., said the positive impact of the record volume of $49.5 billion of new insurance written in the first half was offset by the 45-year lows in mortgage interest rates and the lack of an economic recovery.
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