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MGIC Investment Corp MTG

MGIC Investment Corporation is a holding company. The Company, through its wholly owned subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The Company's mortgage insurance product offers Primary Insurance and Pool and Other 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.


NYSE:MTG - Post by User

Post by richardalbert994on Mar 05, 2013 12:12pm
360 Views
Post# 21080345

MGIC Investment Corp. is poor. This is exactly why

MGIC Investment Corp. is poor. This is exactly why

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