MTG
Mgic Investment Corp
A pioneer of the private mortgage insurance industry, this company protects lenders against losses when homebuyers make small down payments, helping more people afford homes. Founded in 1957 by Milwaukee real-estate attorney Max H. Karl, it launched with money raised from friends, associates, and even his barber. Its name, Mortgage Guaranty Insurance Corporation, is often pronounced like "magic" — which early lenders thought it was.
CUSIP: 552848103FinancialsUS1 holder
Total Value
$23.75M
Total Shares
941.5K
Net Share Change
0
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No changes
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