
	Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, provides private mortgage insurance to home mortgage lenders throughout the US. It offers primary coverage (which allows customers to buy a home with a down payment of less than 20%, protecting lenders against borrower default) and pool insurance (covering losses exceeding claim payments on primary insurance). MGIC is the largest private mortgage insurance provider based on new primary business written, with more than 20% of the market share. The company is licensed in all states, the District of Columbia, and Puerto Rico.
