UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of Report (Date of earliest event reported): May 19, 2000
MGIC Investment Corporation
(Exact name of registrant as specified in its charter)
Wisconsin 1-10816 39-1486475
(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
250 East Kilbourn Avenue, Milwaukee, Wisconsin 53202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 414-347-6480
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
The Company's Mortgage Guaranty Insurance Corporation
subsidiary ("MGIC") is a defendant in Downey et. al. v. MGIC.
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This action was commenced on May 19, 2000, with the filing of
a complaint in Federal District Court for the Southern
District of Georgia seeking class action status on behalf of a
nationwide class of home mortgage borrowers. The complaint,
which contains allegations similar to those in the now-
dismissed Lambert v. MGIC case filed in that Court by the same
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attorneys (see Part II, Item 1 of the Company's Quarterly
Report on Form 10-Q for the Quarter Ended March 31, 2000),
alleges that MGIC violated the Real Estate Settlement
Procedures Act ("RESPA") by providing agency pool insurance
and entering into other transactions with lenders (including
captive mortgage reinsurance and contract underwriting) that
were not properly priced, in return for the referral of
mortgage insurance. The complaint seeks damages of three
times the amount of the mortgage insurance premiums that have
been paid and that will be paid at the time of judgment for
the mortgage insurance that is found to be involved in a
violation of RESPA. The complaint also seeks injunctive
relief, including prohibiting MGIC from receiving future
premium payments. In due course, MGIC will answer the
complaint and deny liability. There can be no assurance,
however, that the ultimate outcome of the litigation will not
materially affect the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
MGIC INVESTMENT CORPORATION
Date: May 25, 2000 /s/ Jeffrey H. Lane
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Jeffrey H. Lane, Senior Vice
President and General Counsel
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