Updates & Insights on MGIC Investment Corp. (NYSE: MTG)

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Las Vegas, NV -- (SBWIRE) -- 02/14/2014 -- MGIC Investment Corp. (NYSE: MTG) is an investment corporation which is established in founded in 1957 and located in Milwaukee, Wisconsin. It is basically a holding company which is a private mortgage insurer working in the United States

MGIC Investment Corp works with two more subsidiaries mortgage insurance subsidiaries, Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC). Both subsidiaries own license in all 50 states throughout the United States and also in the District of Columbia and Puerto Rico. Private mortgage insurance owns losses from homeowner default on housing mortgage loans.

The company also provides contract underwriting. This contract is related to various mortgage services like loan origination and mortgage lead generation, analytics and secondary marketing of mortgages. It serves originator of residential mortgage loans like savings institutions, mortgage brokers, commercial banks, credit unions and also mortgage bankers.

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