MGIC Investment Corporation Overview
Pro stress-test →MGIC provides products and services that protect mortgage investors from credit losses, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. As a leading private mortgage insurer, the company enables homebuyers to purchase homes with minimal down payments by mitigating lender risk.
Strategic Profile
Pro stress-test →Key projects generally revolve around underwriting mortgage insurance, compliance and risk management innovations, and streamlining service platforms for mortgage lenders. MGIC Investment is rated a Buy due to its undervalued stock price and low investor attention, trading at a 33% discount to estimated liquidation value with an 11% earnings yield.
Competitive Landscape
Pro stress-test →MGIC serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The mortgage insurance sector is dominated by a handful of players including Radian Group and MGIC itself, competing on pricing, underwriting quality, and customer service.
Industry Context
MGIC Investment Corporation operates in Mortgage Insurance & Financial Services.
Key facts
Founded: 1957 · Headquarters: Milwaukee, Wisconsin · Revenue: $1.21B · Market cap: $6.0B