MGIC Investment Corp.

Public Company, Headquarters Location
PO Box 488, Milwaukee, WI 53201-0488, United States
(800)558-9900, (888)601-4440 fax, http://www.mgic.com

Primary SIC: Surety Insurance, Primary NAICS: Direct Property and Casualty Insurance Carriers
Description: MGIC Investment Corporation is the leading provider of private mortgage insurance in the United States. In addition to mortgage insurance on first liens, MGIC also provides lenders with various underwriting and other home mortgage lending services. Historically, the company's investments in joint ventures and related loss or income from joint ventures principally consisted of investment and related earnings. The company sells their insurance products through employees located throughout all of their regions. MGIC is licensed in all 50 states, the District of Columbia, Puerto Rico, and Guam. The company's principal office is located in Milwaukee, Wisconsin. In February, 2008, Freddie Mac and Fannie Mae informed MGIC that they were reviewing the appropriateness of all mortgage insurers' criteria and underwriting requirements for pool insurance on mortgages to the extent that they do not meet such insurer's published underwriting guidelines. In August 2008, MGIC sold their entire interest in Sherman to Sherman, which was a joint venture with its senior management and Radian Group, IncInsurance: Provider of private mortgage insurance coverage.