needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . february 2008 learn how and when to remove this template message mortgage guaranty insurance corporation type subsidiary of mgic investment corporation headquarters milwaukee wisconsin u.s. website www.mgic.com mortgage guaranty insurance corporation a subsidiary of mgic investment corporation nyse mtg is a provider of private mortgage insurance in the united states . 1 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 where it was founded in 1957 by max h. karl . he was a real estate attorney who noticed that his clients had trouble with paying for their new homes and found that obtaining government backed loan financing was difficult to obtain . karl believed that there was a need for a company that could insure the top part of the mortgage rather than all of it . he secured 250 000 from investors including friends and business associates to open the new company . contents 1 subprime mortgage crisis & great recession 2 honors 3 references 4 external links subprime mortgage crisis & great recession edit see also subprime mortgage crisis and great recession on august 8 2007 mortgage guaranty insurance corporation mgic milwaukee wisconsin announces it will discontinue its purchase of radian group 2 after suffering a billion dollar loss 3 of its investment in credit based asset servicing and securitization c bass new york . 4 mgic stock has fallen more than 94 % since 2006 . 5 6 honors edit mortgage guaranty insurance corporation has been named a top workplace by the milwaukee journal sentinel every year since 2010 7 references edit plunkett jack 2007 . plunkett s insurance industry almanac 2007 . houston texas plunkett research ltd. isbn 1 59392 405 4 . mgic may abandon radian forbes 2007 08 10 milwaukee journal sentinel august 6 2007 c bass llc retains the blackstone group pdf press release . c bass . 2007 08 03 . http www.bloomberg.com apps news pid newsarchive & sid awoifnykjkiu http abcnews.go.com business economy story id 7903397 & page 1 http www.topworkplaces.com frontend.php regional list company jsonline mgic investment corp external links edit mgic corporate website this bank insurance or other financial services corporation article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title mortgage guaranty insurance corporation & oldid 743559253 categories companies listed on the new york stock exchangecompanies established in 1957real estate companies of the united statescompanies based in milwaukeeinsurance companies of the united statesfinancial services company stubshidden categories articles needing additional references from february 2008all articles needing additional referencesall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 october 2016 at 05 37 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view