MGIC Investment Corporation

US private mortgage insurer protecting lenders against borrower defaults

What MGIC Investment does

MGIC sells insurance that protects mortgage lenders if a homebuyer stops paying their loan. If a borrower defaults, MGIC covers part of the lender's losses, including unpaid principal, missed interest, and foreclosure costs. This lets lenders offer home loans to buyers who make smaller down payments.

How MGIC Investment makes money

MGIC earns insurance premiums on the mortgages it insures and pays claims when borrowers default. It also earns fees from contract underwriting and reinsurance services.

Products & services

• Primary private mortgage insurance
• Mortgage credit risk management solutions
• Contract underwriting services
• Reinsurance services