MGIC Provides Update On MIC - Insurance Business Review
Wednesday 28th of July 2010 06:32:38 AM
Posted by admin / Under Mortgage Guaranty Insurance Corporation
Mortgage Guaranty Insurance Corporation (MGIC) has delayed the date on which it plans to make its first contribution of capital to MGIC Indemnity Corporation (MIC). It is to be determined by MGIC and acceptable to the Office of the Commissioner of Insurance of Wisconsin (OCI).
Cheap Mortgage Insurance
Wednesday 28th of July 2010 06:32:38 AM
Posted by admin / Under Mortgage Guaranty Insurance Corporation
Private Mortgage Insurance originated in the 1950s with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC), referred to as “magic”. For this reason, early PMI methods were deemed to “magically” assist in getting lender approval on an otherwise unacceptable loan package.
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