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

 
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Las Vegas, NV -- (SBWIRE) -- 12/26/2013 -- MGIC Investment Corp. (NYSE:MTG) along with its subsidiaries, is engaged in providing mortgage insurance to lenders and government sponsored entities nationwide. The company plays a part in risk sharing activities and captive mortgage reinsurance.

MGIC Investment Corp., is responsible for contract underwriting and providing various mortgage services, such as loan origination and portfolio analytics, mortgage lead generation, and secondary marketing of mortgages. The company deals primary in the mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. Besides pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan it also covers the bulk transactions, in which the individual loans are insured to specified levels of coverage.

MGIC Investment Corp., serves savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers. It was founded in 1957 and is based in Wisconsin, USA.

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