MGIC Investment Corp.
MGIC Plaza
250 East Kilbourn Avenue
Milwaukee,
WI 53202
Phone: 414-347-6480
Fax: 800-345-3291
Web Site: http://www.mgic.com
| MGIC Investment Corporation, through its subsidiary, provides private mortgage insurance to the home mortgage lending industry in the United States. The private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes. The private mortgage includes primary and pool mortgage insurances. Its primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure, and generally apply to owner occupied, first mortgage loans on one-to-four family homes, including condominiums. The primary insurance may be written on a flow basis, in which loans are insured in individual, loan-by-loan transactions, or may be written on a bulk basis, in which each loan in a portfolio of loans is individually insured in a single and bulk transaction. The Pool insurance is used as an additional credit enhancement for certain secondary market mortgage transactions; and covers the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage. The company also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, it provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides hosting, design, and marketing solutions for mortgage originators and real estate agents. The company serves originators of residential mortgage loans, such as mortgage bankers, savings institutions, commercial banks, mortgage brokers, credit unions, and various lenders. MGIC Investment was founded in 1984 and is headquartered in Milwaukee, Wisconsin. |
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| Key Statistics |
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Pay |
Exercised |
Mr. Curt S. Culver , 55
Exec. Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of MGIC and Chief Exec. Officer of MGIC
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$
2.00M |
$
0 |
Mr. Patrick Sinks , 51
Pres, Chief Operating Officer, Pres of Mortgage Guaranty Insurance Corp. and Chief Operating Officer of Mortgage Guaranty Insurance Corp.
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$
817.00K |
$
111.00K |
Mr. J. Michael Lauer , 63
Chief Financial Officer, Exec. VP, Chief Financial Officer of Mortgage Guaranty Insurance Corp. and Exec. VP of Mortgage Guaranty Insurance Corp.
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$
849.00K |
$
2.18M |
Mr. Jeffrey H. Lane , 58
Exec. VP, Gen. Counsel, Sec., Exec. VP of Mortgage Guaranty Insurance Corp, Gen. Counsel of Mortgage Guaranty Insurance Corp and Sec. of Mortgage Guaranty Insurance Corp
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$
681.00K |
$
1.77M |
Mr. Lawrence J. Pierzchalski , 55
Exec. VP of Risk Management of Mortgage Garanty Insurance Corp.
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$
862.00K |
$
0 |
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Dollar amounts are as of
31-Dec-05
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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