MGIC Investment Company Description
Since a pinkie-promise isn't good enough for most lenders, there's MGIC Investment's mortgage insurance to protect lenders from home buyers who don't hold up their end of the bargain. MGIC Investment owns Mortgage Guaranty Insurance Corporation, the largest US provider of private mortgage insurance. Such coverage allows otherwise qualified buyers who can't scrape up the standard 20% down payment to get mortgages. MGIC writes both primary insurance on individual loans, and pooled insurance on blocks of mortgages sold on the secondary market. The actual purchasers of its products are the mortgage lenders, including banks, mortgage brokers, and credit unions.
View the Comprehensive Company Description for MGIC Investment
The Company Description provides a historical perspective of MGIC Investment's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of MGIC Investment's evolution in the marketplace.
