Demand Fundamentals
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Demand Technicals
Company Profile
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance to the home mortgage lending industry. It offers primary insurance coverage that provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. The company's primary insurance is written on first mortgage loans secured by owner occupied single-family homes, first liens secured by non-owner occupied single-family homes, and on vacation or second homes. Its primary insurance is written on a flow basis, in which loans are insured in individual, loan-by-loan transactions, as well as on a bulk basis, in which each loan in a portfolio of loans is individually insured in a single, bulk transaction. MGIC Investment Corporation also offers various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, it provides Internet portal that enables mortgage industry participants to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan- and Web site hosting, design, and marketing solutions for mortgage originators and real estate agents. The company serves originators of residential mortgage loans, such as savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and various other lenders. MGIC Investment Corporation sells its insurance products through its employees in the United States and Puerto Rico. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin.
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