Mortgage Guaranty Insurance Corporation
From Wikinvestor
| Name | Mortgage Guaranty Insurance Corporation |
| Headquarters | Milwaukee, Wisconsin |
| Symbol | MTG on New York Stock Exchange (NYSE) |
| Index | Included in Standard & Poor's 500 Stock Index |
| Principal Subsidiary | MGIC, the nation's leading private mortgage insurer |
| Financial Strength Ratings | Standard & Poor's, A-[1]; Moody's Investors Service, Aa2; Fitch Investors Service, AA+ (ratings may be dated) |
| Company website | www.mgic.com |
| Investor website | www.mgic.com/investor |
| Industry website | www.privatemi.com |
Mortgage Guaranty Insurance Corporation (a subsidiary of MGIC Investment Corporation) is the largest provider of private mortgage insurance in the United States.
In addition to mortgage insurance, MGIC provides lenders with various underwriting and other services and products related to home mortgage lending.
The company is based in Milwaukee, Wisconsin, where it was founded in 1957 by Max Karl. He was a real estate agent who noticed that his clients had trouble with paying for their new homes. Karl believed that it would be better if there was a company that could insure the top part of the mortgage not all of it.
