MGIC Investment Stock Price. Everything You Need To Know About The MGIC Investment Stock!

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. The company is headquartered in Milwaukee, Wisconsin and currently employs 683 full-time employees. The Company, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The firm’s mortgage insurance product offers primary insurance and pool insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest, and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.