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What Do You Need to Know About MGIC Investment Corp. (NYSE:MTG)

 
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Las Vegas, NV -- (SBWIRE) -- 01/23/2014 -- MGIC Investment Corp. (NYSE:MTG) provides mortgage insurance to lenders and government sponsored entities in the United States through its subsidiaries.

MGIC Investment Corp. offers primary mortgage insurance coverage that provides mortgage default protection on individual loans and cover delinquent interest, unpaid loan principal and a number of expenses that are associated with the default and subsequent foreclosure, pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage and bulk transactions in which the individual loans in the insured portfolio are insured to specified levels of coverage.

MGIC Investment Corp. also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. Moreover, the company provides contract underwriting and related services and various mortgage services like mortgage lead generation, loan origination and portfolio analytics and secondary marketing of mortgages. The company serves originators of residential mortgage loans which include savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers.

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