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MGIC Investment Corp. executives expressed optimism July 16 about the potential for the private mortgage insurance industry to eventually win approval from the Federal Housing Finance Agency to test so-called front-end risk-sharing transactions with government-sponsored enterprises Fannie Mae and Freddie Mac.
The private mortgage insurance industry has pushed for deeper coverage on low down-payment mortgages as well as front-end risk-sharing on higher down-payment mortgages that do not currently require...