Credit-Based Asset Servicing and Securitization LLC

SEC Probes MGIC, Radian on C-BASS, Merger HW+

In third quarter reports filed today with the Securities and Exchange Commission, both MGIC Investment Corp. and Radian Group Inc. said that the securities regulator was investigating a proposed merger and a joint investment made into Credit-Based Asset Servicing and Securitization (C-BASS to the rest of us). From MGIC’s filing: