Moody's announces completion of a periodic review of ratings of MGIC Investment Corporation
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MGIC Investment Corporation. Global Credit Research- 29 Jul 2020. New York, July 29, 2020-- Moody's Investors Service has completed a periodic review of the ratings of MGIC Investment Corporation and other ratings that are associated with the same analytical unit.MGIC Investment is a holding company. Through Mortgage Guaranty Insurance Corporation, the company is engaged in the mortgage insurance business. The company provides mortgage insurance to lenders throughout the U.S. and to government sponsored entities. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the company Through certain other non-insurance subsidiaries, the company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation.
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