MTG 📈 MGIC Investment - Overview

MGIC Investment Corporation operates as a leading provider of private mortgage insurance and mortgage credit risk management solutions in the United States. Through its subsidiaries, the company offers a range of services to lenders and government-sponsored entities, including primary mortgage insurance that protects against mortgage defaults on individual loans. This insurance coverage extends to unpaid loan principal, delinquent interest, and various expenses associated with default and foreclosure, thereby mitigating the risk for lenders. Additionally, MGIC Investment Corporation provides pool insurance for secondary market mortgage transactions, which enables the bundling and securitization of mortgages for sale to investors.

The company's services also encompass contract underwriting and reinsurance, which further enhance its risk management capabilities. By serving a diverse range of originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers, MGIC Investment Corporation plays a critical role in facilitating mortgage lending and homeownership in the United States. With a history dating back to 1957, the company has established itself as a key player in the mortgage finance industry, with its headquarters located in Milwaukee, Wisconsin. Its common stock is listed on the New York Stock Exchange under the ticker symbol MTG, and it is classified under the GICS Sub Industry of Commercial & Residential Mortgage Finance.

MGIC Investment Corporation's operations are not limited to the continental United States, as it also provides services in the District of Columbia, Puerto Rico, and Guam. This geographic scope enables the company to support mortgage lending activities in various territories and regions, contributing to the overall growth and stability of the housing market. With its comprehensive range of mortgage insurance and risk management solutions, MGIC Investment Corporation helps lenders and other industry participants to manage credit risk and navigate the complexities of the mortgage finance landscape. The company's website, https://mtg.mgic.com, provides further information on its services, financial performance, and corporate governance, while its ISIN code, US5528481030, facilitates the identification and trading of its common stock in global financial markets.