Founded in 1957, Mortgage Guaranty Insurance Corporation (MGIC) is the principal subsidiary of MGIC Investment Corporation and the nation's first private mortgage insurer. The company provides private mortgage insurance, which protects mortgage lenders from credit losses if a borrower defaults. This insurance enables homebuyers to purchase homes with smaller down payments, thus supporting the company's mission of making sustainable homeownership more accessible. As a pioneer in the industry, MGIC has played a significant role in the U.S. housing finance system for over 65 years.

Founded in

United States