MGIC Investment Corporation - MTG- Profile

MGIC Investment Corporation. The Group's principal activities are to provide private mortgage insurance to lenders throughout the United States. The Group operates through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation and other subsidiaries. The Group also provides various services for the mortgage finance industry, such as contract underwriting and portfolio analysis and retention. The Group covers lenders to protect against loss from defaults on low down payment residential mortgage loans. The mortgage insurance coverage is provided to home mortgage lending industry in all 50 states of the United States, the District of Columbia Puerto Rico and Guam. In addition to providing direct primary insurance coverage, it also insures pools of mortgage loans. On 13-Jan-2006, the Group acquired Myers Internet, Inc. Provides private mortgage insurance coverage to mortgage bankers, savings institutions, commercial banks and other lenders