Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in MGIC Investment Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Law

BALTIMORE, MD -- (MARKET WIRE) -- 05/26/08 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan on behalf of purchasers of the common stock of MGIC Investment Corporation ("MGIC" or the "Company") (NYSE: MTG) between February 6, 2007 through February 12, 2008, inclusive (the "Class Period"). No class has yet been certified in this action.

Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than July 15, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in all important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. If you have a net loss in excess of $100,000 incurred from transactions in MGIC securities during the Class Period and are interested in directing the course of this litigation for plaintiffs, please contact Brower Piven (hoffman@browerpiven.com or 410/332-0030) to answer any questions you may have in that regard.

The complaint alleges that, during the Class Period, the Company, and certain of its officers and/or directors, violated federal securities laws by withholding material facts from the investing public, including: that the Company's investment in Credit-Based Asset Servicing and Securitization LLC ("C-BASS") was materially impaired from increasing margin calls and rapidly declining value; that the Company was materially overstating its financial results by failing to properly value its investment in C-BASS in violation of Generally Accepted Accounting Principles; and that the Company's loss and default exposure was far greater than previously disclosed.

On February 13, 2008, MGIC announced its fourth quarter 2007 results reporting a net loss for the quarter of $1.47 billion, including an after-tax charge of $33 million related to equity losses incurred by C-BASS. After this announcement, MGIC's stock traded at the lowest price it had traded in over thirteen years.

If you have suffered a net loss for all transactions in MGIC, Inc. securities during the Class Period (including shares or possibly calls purchased during, but retained after, the Class Period or possibly put options sold but not covered until after the Class Period), you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-332-0030, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.

CONTACT: Brower Piven, A Professional Corporation Baltimore, Maryland Charles J. Piven 410/332-0030 hoffman@browerpiven.com

2008-05-26 13:34:06 0370099 MARKETWIRE