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MGIC RECEIVES GOLD PRESIDENT'S AWARD FROM WISCONSIN REALTORS ASSOCIATION FOR 'EDUCATION PARTNERSHIP' PROGRAM

MGIC RECEIVES GOLD PRESIDENT'S AWARD FROM WISCONSIN REALTORS ASSOCIATION
 FOR 'EDUCATION PARTNERSHIP' PROGRAM
 MILWAUKEE, Wis., Sept. 24 /PRNewswire/ -- The Wisconsin Realtors Association at its 81st Annual Convention in Lake Geneva today presented Mortgage Guaranty Insurance Corporation (MGIC) with a Gold President's Award in recognition of the "Education Partnership" program that is being developed jointly by MGIC and the Wisconsin Realtors Foundation.
 The Education Partnership -- termed "the most exciting new development" this year by the Wisconsin Realtors Foundation -- was formed to promote an understanding of real estate and homeownership to juniors and seniors in Wisconsin high schools, the first-time home buyers of the future. As part of the partnership, MGIC and the Realtors Foundation will develop a high school education curriculum module and instruction videotape, which will teach students the basics of both renting and owning their first home.
 The Education Partnership was established following a study by the Wisconsin Realtors Foundation which revealed that there was no uniform statewide method of teaching basic information required to understand the renting and home buying process.
 "This educational program will help high school students understand the basics of renting or buying a home and the financial responsibilities of homeownership. Once they enter the professional world and as their earning power increases, these students will be equipped with enough information so that when they are ready for homeownership, they will be well prepared," James S. MacLeod, senior vice president-Marketing, said.
 Estimates indicate that the project will reach approximately 50,000 students annually. Curriculum development for the project is scheduled to be completed in the spring of 1993, with implementation on a pilot basis by September 1993. Beginning in the January of 1994, the educational module should be available on a statewide basis.
 The Education Partnership has also been endorsed by the Wisconsin Department of Public Instruction (DPI) and the Wisconsin Education Association Council (WEAC).
 MGIC is a leading provider of private mortgage insurance coverage in the United States. Private mortgage insurance covers residential first mortgage loans and expands homeownership opportunities by enabling people to purchase homes with less than 20 percent down payments. Private mortgage insurance also facilitates the sale of low down payment first mortgage loans in the secondary mortgage markets.
 -0- 9/24/92
 /CONTACT: Patricia Neale of MGIC, 414-347-2681/ CO: Mortgage Guaranty Insurance Convention; Wisconsin Realtors
 Association ST: Wisconsin IN: INS SU:


KH -- MN012 -- 3223 09/24/92 15:23 EDT
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Date:Sep 24, 1992
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