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Company Profile
- MGIC Investment Corp.
- Country : United States
- City: Milwaukee
- State: Wisconsin - WI
- Address: 270 E. Kilbourn Ave.
- Zipcode: 53202
- Category: Fortune 1000 Companies
- Description: MGIC Investment owns Mortgage Guaranty Insurance Corp., which insures low or no down payment mortgages, letting otherwise qualified buyers who can't scrape up the standard 20% down payment get mortgages. Although most of MGIC's sales come from insurance premiums, the company has been converting its in-house payment and default predictive tools into profit centers by offering them to other lenders. Its eMagic.com unit offers a variety of loan origination tools. MGIC also provides property valuation services and, through its 46% interest in C-BASS, invests in troubled mortgages.
- Products: Insurance: P & C (stock)