MGIC Investment Corp.
MGIC Plaza
250 East Kilbourn Avenue
Milwaukee,
WI 53202
Phone: 414-347-6480
Fax: 800-345-3291
Web Site: http://www.mgic.com
| REUTERS ABRIDGED BUSINESS SUMMARY | |
| MGIC Investment Corporation, through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. It provides primary insurance coverage that provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. The companys primary insurance is written on first mortgage loans secured by owner occupied single-family homes, first liens secured by non-owner occupied single-family homes, and on vacation or second homes. MGIC Investments principal product, primary mortgage insurance is written through the flow market channel, in which loans are insured in individual and loan-by-loan transactions, as well as through the bulk market channel, in which portfolios of loans are individually insured in single, bulk transactions. It also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, the company provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides Website hosting, design, and marketing solutions for mortgage originators and real estate agents. It serves originators of residential mortgage loans, such as savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and various other lenders. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin. |
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| Key Statistics | More from Reuters
Expanded Business Description |
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| REUTERS ABRIDGED FINANCIAL SUMMARY | |
| | Pay | Exercised | Mr. Curt S. Culver , 56
Exec. Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of MGIC and Chief Exec. Officer of MGIC |
N/A
| N/A | Mr. Patrick Sinks , 52
Pres, Chief Operating Officer, Pres of Mortgage Guaranty Insurance Corp. and Chief Operating Officer of Mortgage Guaranty Insurance Corp. |
$
499.00K |
$
111.00K | Mr. J. Michael Lauer , 64
Chief Financial Officer, Exec. VP, Chief Financial Officer of Mortgage Guaranty Insurance Corp. and Exec. VP of Mortgage Guaranty Insurance Corp. |
$
438.00K |
$
2.18M | Mr. Lawrence J. Pierzchalski , 56
Exec. VP of Risk Management - Mortgage Garuanty Insurance Corp. |
N/A
| N/A | Mr. Jeffrey H. Lane , 59
Exec. VP, Gen. Counsel, Sec., Exec. VP of Mortgage Guaranty Insurance Corp, Gen. Counsel of Mortgage Guaranty Insurance Corp and Sec. of Mortgage Guaranty Insurance Corp |
$
392.00K |
$
1.77M |
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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