Mortgage Guaranty Insurance Corp.: Update following ratings affirmation, outlook changed to positive
Our credit view MGIC reflects its market position, good profitability, and strong capital and holding company liquidity constrained by the potential for the effects from a slowing economy.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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