Moody's Economist Mark Zandi Joins MGIC Board
The nation's largest private mortgage insurer, MGIC Investment Corporation (MTG) appointed Mark Zandi, the chief economist of Moody's Analytics, to its board of directors today. MGIC provides $202.4bn in private mortgage insurance coverage to 1.3 million homes as of June 30, 2010. "We are extremely pleased that MGIC will have the benefit of Mark's experience with macroeconomic models, financial markets and public policy. We look forward to the valuable insight and perspective that Mark will bring to our Board," said Curt Culver, MGIC's chairman and CEO, in a statement. At the Moody's Investors Service subsidiary Zandi's research often focuses on mortgage foreclosure rates, personal bankruptcy and the economic impact of various tax and government spending policies. The role of counsel is one that Zandi is familiar with, having testified before Congress and serving as an occasional advisor to the Obama administration as well as senior Republican policymakers. Write to Jacob Gaffney. The author holds no relevant investments.