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United States
1957 (69 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know MGIC
Company Information
Get to know MGIC
Founded in 1957, Mortgage Guaranty Insurance Corporation (MGIC) is the originator of the modern private mortgage insurance industry. The company's primary business is to provide mortgage credit enhancement products and services to lenders and mortgage investors. This insurance protects lenders and investors from losses due to borrower default on residential mortgages, which facilitates homeownership by enabling individuals to purchase homes with lower down payments. MGIC is a subsidiary of MGIC Investment Corporation, which is publicly traded on the New York Stock Exchange (NYSE: MTG).
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