MGIC Investment Corp. has filed a lawsuit in Federal Court in Milwaukee against Freddie Mac and its conservator, the Federal Housing Finance Agency, over the pool insurance dispute between the two companies.

In a press release, MGIC said it would not comment on the suit, but did quote from a communication it said it sent to Freddie Mac which said despite filing the lawsuit, the mortgage insurer is still willing to settle out of court. But it could not accept the terms on which the GSE was willing to continue discussions.

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