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Mgic Investment Corp

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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.

5% Convertible Senior Notes due May 2017