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    <nameOfIssuer>AT&amp;T Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>00206R102</cusip>
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      <Sole>3527</Sole>
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    <nameOfIssuer>Alcoa, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>013817101</cusip>
    <value>800</value>
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      <sshPrnamt>86300</sshPrnamt>
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    <votingAuthority>
      <Sole>14700</Sole>
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      <None>71600</None>
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    <nameOfIssuer>Alphabet Inc. Cl C</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>02079K107</cusip>
    <value>1396</value>
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    <votingAuthority>
      <Sole>180</Sole>
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      <None>1837</None>
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    <nameOfIssuer>Altria Group Inc</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>02209S103</cusip>
    <value>217</value>
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      <sshPrnamt>3150</sshPrnamt>
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      <Sole>0</Sole>
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    <nameOfIssuer>Amazon.com Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>023135106</cusip>
    <value>1728</value>
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      <sshPrnamt>2415</sshPrnamt>
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    <votingAuthority>
      <Sole>255</Sole>
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      <None>2160</None>
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    <nameOfIssuer>American Express Co.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>025816109</cusip>
    <value>1037</value>
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      <sshPrnamt>17075</sshPrnamt>
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    <votingAuthority>
      <Sole>3000</Sole>
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      <None>14075</None>
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    <nameOfIssuer>American Intl Group, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>026874784</cusip>
    <value>1043</value>
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      <sshPrnamt>19711</sshPrnamt>
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    <votingAuthority>
      <Sole>1661</Sole>
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      <None>18050</None>
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    <nameOfIssuer>Apple Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>037833100</cusip>
    <value>2740</value>
    <shrsOrPrnAmt>
      <sshPrnamt>28657</sshPrnamt>
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    <votingAuthority>
      <Sole>4460</Sole>
      <Shared>0</Shared>
      <None>24197</None>
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    <nameOfIssuer>Bank of America Corp</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>060505104</cusip>
    <value>1036</value>
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      <sshPrnamt>78104</sshPrnamt>
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    <votingAuthority>
      <Sole>16359</Sole>
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      <None>61745</None>
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    <nameOfIssuer>Bristol-Myers Squibb Co.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>110122108</cusip>
    <value>1461</value>
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      <sshPrnamt>19868</sshPrnamt>
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      <Sole>3750</Sole>
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      <None>16118</None>
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    <nameOfIssuer>Capital One Financial Corp.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>14040H105</cusip>
    <value>302</value>
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      <sshPrnamt>4750</sshPrnamt>
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    <votingAuthority>
      <Sole>300</Sole>
      <Shared>0</Shared>
      <None>4450</None>
    </votingAuthority>
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    <nameOfIssuer>Cisco Systems Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>17275R102</cusip>
    <value>1310</value>
    <shrsOrPrnAmt>
      <sshPrnamt>45670</sshPrnamt>
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    <votingAuthority>
      <Sole>5520</Sole>
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      <None>40150</None>
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    <nameOfIssuer>Citigroup, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>172967424</cusip>
    <value>722</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17040</sshPrnamt>
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    <votingAuthority>
      <Sole>2910</Sole>
      <Shared>0</Shared>
      <None>14130</None>
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    <nameOfIssuer>Costco Wholesale Corp</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>22160K105</cusip>
    <value>1901</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12105</sshPrnamt>
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    <votingAuthority>
      <Sole>1955</Sole>
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      <None>10150</None>
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    <nameOfIssuer>Discover Financial Services</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>254709108</cusip>
    <value>949</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17717</sshPrnamt>
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    <votingAuthority>
      <Sole>1817</Sole>
      <Shared>0</Shared>
      <None>15900</None>
    </votingAuthority>
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    <nameOfIssuer>DuPont de Nemours &amp; Co.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>263534109</cusip>
    <value>949</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14650</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3200</Sole>
      <Shared>0</Shared>
      <None>11450</None>
    </votingAuthority>
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    <nameOfIssuer>Energy Transfer Partners LP</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>29273R109</cusip>
    <value>322</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8452</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>500</Sole>
      <Shared>0</Shared>
      <None>7952</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Exxon Mobil Corporation</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>30231G102</cusip>
    <value>845</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9014</sshPrnamt>
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    <votingAuthority>
      <Sole>1304</Sole>
      <Shared>0</Shared>
      <None>7710</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>Facebook, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>30303M102</cusip>
    <value>1006</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8805</sshPrnamt>
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    <votingAuthority>
      <Sole>1175</Sole>
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      <None>7630</None>
    </votingAuthority>
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    <nameOfIssuer>Ford Motor Company</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>345370860</cusip>
    <value>327</value>
    <shrsOrPrnAmt>
      <sshPrnamt>26050</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6200</Sole>
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      <None>19850</None>
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    <nameOfIssuer>Freeport-McMoran Copper &amp; Gold</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>35671D857</cusip>
    <value>322</value>
    <shrsOrPrnAmt>
      <sshPrnamt>28931</sshPrnamt>
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    <votingAuthority>
      <Sole>2681</Sole>
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      <None>26250</None>
    </votingAuthority>
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    <nameOfIssuer>General Electric Co</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>369604103</cusip>
    <value>1302</value>
    <shrsOrPrnAmt>
      <sshPrnamt>41355</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3500</Sole>
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      <None>37855</None>
    </votingAuthority>
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    <nameOfIssuer>Genworth Financial Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>37247D106</cusip>
    <value>281</value>
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      <sshPrnamt>109100</sshPrnamt>
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    <votingAuthority>
      <Sole>10500</Sole>
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      <None>98600</None>
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    <nameOfIssuer>Groupon, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>399473107</cusip>
    <value>89</value>
    <shrsOrPrnAmt>
      <sshPrnamt>27450</sshPrnamt>
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    <votingAuthority>
      <Sole>2900</Sole>
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      <None>24550</None>
    </votingAuthority>
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    <nameOfIssuer>Hartford Financial Services</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>416515104</cusip>
    <value>757</value>
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      <sshPrnamt>17066</sshPrnamt>
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    <votingAuthority>
      <Sole>1332</Sole>
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      <None>15734</None>
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    <nameOfIssuer>Honeywell Intl Inc</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>438516106</cusip>
    <value>1740</value>
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      <sshPrnamt>14957</sshPrnamt>
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    <votingAuthority>
      <Sole>1450</Sole>
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      <None>13507</None>
    </votingAuthority>
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    <nameOfIssuer>Hovnanian Enterprise Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>442487203</cusip>
    <value>17</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10000</sshPrnamt>
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    <votingAuthority>
      <Sole>0</Sole>
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      <None>10000</None>
    </votingAuthority>
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    <nameOfIssuer>IBM Corp</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>459200101</cusip>
    <value>1226</value>
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      <sshPrnamt>8078</sshPrnamt>
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    <votingAuthority>
      <Sole>1090</Sole>
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      <None>6988</None>
    </votingAuthority>
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    <nameOfIssuer>Intel Corporation</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>458140100</cusip>
    <value>1459</value>
    <shrsOrPrnAmt>
      <sshPrnamt>44475</sshPrnamt>
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    <votingAuthority>
      <Sole>7400</Sole>
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      <None>37075</None>
    </votingAuthority>
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    <nameOfIssuer>International Paper Co.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>460146103</cusip>
    <value>586</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>918</Sole>
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      <None>12900</None>
    </votingAuthority>
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    <nameOfIssuer>JPMorgan Chase &amp; Co</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>46625H100</cusip>
    <value>1593</value>
    <shrsOrPrnAmt>
      <sshPrnamt>25638</sshPrnamt>
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    <votingAuthority>
      <Sole>4639</Sole>
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      <None>20999</None>
    </votingAuthority>
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    <nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>478160104</cusip>
    <value>219</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1809</sshPrnamt>
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    <votingAuthority>
      <Sole>189</Sole>
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      <None>1620</None>
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    <nameOfIssuer>Johnson Controls, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>478366107</cusip>
    <value>779</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17600</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3450</Sole>
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      <None>14150</None>
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    <nameOfIssuer>Legg Mason Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>524901105</cusip>
    <value>270</value>
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      <sshPrnamt>9150</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>9150</None>
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    <nameOfIssuer>MBIA Inc</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>55262C100</cusip>
    <value>354</value>
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      <sshPrnamt>51800</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4500</Sole>
      <Shared>0</Shared>
      <None>47300</None>
    </votingAuthority>
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    <nameOfIssuer>Merck &amp; Co. Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>206</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3570</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1400</Sole>
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      <None>2170</None>
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    <nameOfIssuer>Microsoft Corporation</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>594918104</cusip>
    <value>1357</value>
    <shrsOrPrnAmt>
      <sshPrnamt>26520</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4460</Sole>
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      <None>22060</None>
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    <nameOfIssuer>Paypal</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>70450Y103</cusip>
    <value>1169</value>
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      <sshPrnamt>32008</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4433</Sole>
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      <None>27575</None>
    </votingAuthority>
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    <nameOfIssuer>Pfizer Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>717081103</cusip>
    <value>1077</value>
    <shrsOrPrnAmt>
      <sshPrnamt>30588</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5291</Sole>
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      <None>25297</None>
    </votingAuthority>
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    <nameOfIssuer>Philip Morris Intl</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>718172109</cusip>
    <value>229</value>
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      <sshPrnamt>2250</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>2250</None>
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    <nameOfIssuer>Radian Group, Inc.</nameOfIssuer>
    <titleOfClass>com</titleOfClass>
    <cusip>750236101</cusip>
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      <Sole>199000</Sole>
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      <None>1896618</None>
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    <votingAuthority>
      <Sole>1356</Sole>
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      <None>11206</None>
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    <cusip>882508104</cusip>
    <value>937</value>
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      <sshPrnamt>14950</sshPrnamt>
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    <votingAuthority>
      <Sole>1700</Sole>
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      <None>13250</None>
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    <value>112</value>
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      <Sole>3800</Sole>
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      <None>14300</None>
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    <value>897</value>
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      <Sole>4570</Sole>
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      <None>28750</None>
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    <value>1644</value>
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      <sshPrnamt>18035</sshPrnamt>
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      <None>15710</None>
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    <cusip>92343V104</cusip>
    <value>1276</value>
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      <sshPrnamt>22858</sshPrnamt>
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    <votingAuthority>
      <Sole>4553</Sole>
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    <value>429</value>
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      <sshPrnamt>9067</sshPrnamt>
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    <votingAuthority>
      <Sole>1150</Sole>
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      <None>7917</None>
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    <cusip>96949I105</cusip>
    <value>486</value>
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    <votingAuthority>
      <Sole>1052</Sole>
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      <None>12987</None>
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    <titleOfClass>com</titleOfClass>
    <cusip>969904101</cusip>
    <value>484</value>
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    <votingAuthority>
      <Sole>1825</Sole>
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      <None>7450</None>
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    <nameOfIssuer>Winnebago Industries Inc.</nameOfIssuer>
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    <cusip>974637100</cusip>
    <value>821</value>
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      <sshPrnamt>35800</sshPrnamt>
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      <Sole>5300</Sole>
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      <None>30500</None>
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    <votingAuthority>
      <Sole>200</Sole>
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      <None>10330</None>
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    <votingAuthority>
      <Sole>22000</Sole>
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      <None>56275</None>
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