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CMAC INVESTMENT CORPORATION DECLARESFIRST QUARTERLY DIVIDEND ON COMMON STOCK

 PHILADELPHIA, Jan. 22 /PRNewswire/ -- CMAC Investment Corporation (NYSE: CMT) announced today that the board of directors declared its first regular quarterly dividend on its common stock.
 The dividend is 5 cents per share and is payable on March 1, 1993, to shareholders of record on Feb. 8.
 Headquartered in Philadelphia, CMAC provides private mortgage insurance and risk management services to mortgage lending institutions through offices in key cities nationwide. Private mortgage insurance protects lenders from default-related losses on residential first mortgage loans made to home buyers who make down payments of less than 20 percent of a home's purchase price, and facilitates the sale of such mortgage loans in the secondary mortgage market.
 /delval/
 -0- 1/22/93
 /CONTACT: Debbie Pinnock of CMAC, 215-564-6600, ext. 3452/
 (CMT)


CO: CMAC Investment Corporation ST: Pennsylvania IN: FIN SU: DIV

JS-MP -- PH025 -- 6103 01/22/93 14:11 EST
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Publication:PR Newswire
Date:Jan 22, 1993
Words:146
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