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CMAC INVESTMENT CORPORATION DECLARESREGULAR QUARTERLY DIVIDEND ON COMMON STOCK

 PHILADELPHIA, July 23 /PRNewswire/ -- The board of directors of CMAC Investment Corporation (NYSE: CMT) today declared the regular quarterly dividend on its common stock in the amount of 5 cents per share, payable on Sept. 8, 1993, to shareholders of record as of Aug. 9.
 Headquartered in Philadelphia, CMAC Investment Corporation's operating subsidiary, 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 mortgage loans in the secondary mortgage market.
 /delval/
 -0- 7/23/93
 /CONTACT: Debbie Pinnock of CMAC, 215-564-6600, ext. 3452/
 (CMT)


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

MK-MP -- PH005 -- 5066 07/23/93 10:39 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:148
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