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Home > Company Index > Insurance > Surety, Title & Miscellaneous Insurance > MGIC Investment Corporation
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MGIC Investment Corporation |
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NEWS FROM THE WIRES |
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MGIC Investment profits rise on mortgage boom Jul 12 2001 05:15 AM PDT
> More WIRE STORIES about this company
PROFILE |
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MGIC Investment owns Mortgage Guaranty Insurance Corp., which insures low or no down payment mortgages, letting otherwise qualified buyers who can't scrape up the standard 20% down payment get mortgages. The leader in the field, MGIC also offers customer support services under its "Customers for Life" program. Although most of MGIC's sales come from insurance premiums, the company has been converting its in-house payment and default predictive tools into profit centers by offering them to other lenders. It's eMagic.com unit offers a variety of loan origination tools. MGIC also invests in troubled mortgages through its 46% interest in C-BASS and provides property valuation services.
COMPETITION |
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General Electric Capital Corporation (dossier)
Old Republic International Corporation (ORI)
The PMI Group, Inc. (PMI)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 1,110.30
1-Yr. Sales Growth: 11.4%
Employees: 1,093
Revenue per employee: $1,015,828.00
KEY PEOPLE |
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Curt S. Culver
CEO
J. Michael Lauer
CFO
CONTACT INFO |
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MGIC Plaza, 250 E. Kilbourn Ave.
Milwaukee, WI 53202
US
Phone: 414-347-6480
Fax: 414-347-6696
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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