Name	Mortgage Guaranty Insurance Corporation
Headquarters	Milwaukee, Wisconsin Milwaukee, Wisconsin Milwaukee is the largest city in the U.S. state of Wisconsin, the 28th most populous city in the United States and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the...
Symbol
Principal Subsidiary	MGIC, the nation's leading private mortgage insurer
Company website	www.mgic.com
Investor website	www.mgic.com/investor
Industry website	www.privatemi.com

Mortgage Guaranty Insurance Corporation (a subsidiary of MGIC Investment Corporation) is a provider of private mortgage insurance

Mortgage insurance

Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer...

 in the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

.

In addition to mortgage insurance, MGIC provides lenders with various underwriting and other services and products related to home mortgage lending.

The company is based in Milwaukee, Wisconsin

Milwaukee, Wisconsin

Milwaukee is the largest city in the U.S. state of Wisconsin, the 28th most populous city in the United States and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the...

, where it was founded in 1957 by Max Karl. He was a real estate agent who noticed that his clients had trouble with paying for their new homes. Karl believed that it would be better if there was a company that could insure the top part of the mortgage not all of it.

Honors

In early 2011, MGIC was named by the Milwaukee Journal Sentinel as the number 2 best large workplace (over 500 employees) in Southeastern Wisconsin. Kwik Trip

Kwik Trip

Kwik Trip/Kwik Star is a chain of convenience stores founded in 1965 with locations throughout Wisconsin and Minnesota under the name Kwik Trip, and in northeast Iowa under the name Kwik Star . The company also operates stores under the name Hearty Platter and Tobacco Outlet Plus. Kwik Trip, Inc...

was the number one, in front of MGIC.