http://www.todaysfinancialnews.com/news-that-matters/insuring-calamity-mgic-investment-corp-mtg-shows-us-how-4997.html Today's Financial News offers an independent and very practical perspective on the U.S. and global investment markets. We filter out exactly what financial news is worth paying attention to... and what it means for your money and portfolio Tue, 26 Jan 2010 12:08:21 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.todaysfinancialnews.com/news-that-matters/insuring-calamity-mgic-investment-corp-mtg-shows-us-how-4997.html#comment-1986 Lee Kendall Tue, 28 Oct 2008 20:41:38 +0000 http://www.todaysfinancialnews.com/?p=4997#comment-1986 Another explanation of private Mortgage Insurance: MGIC is a co-signer on the top 20% of the low down payment loan to a homeowner. If the homeowner cannot or will not pay, the bank, lender or investor can come to MGIC for that portion of its risk. Without a co-signer, the bank will not make the loan. State insurance regulators oversee its operations and capital structure. Another explanation of private Mortgage Insurance: MGIC is a co-signer on the top 20% of the low down payment loan to a homeowner. If the homeowner cannot or will not pay, the bank, lender or investor can come to MGIC for that portion of its risk. Without a co-signer, the bank will not make the loan. State insurance regulators oversee its operations and capital structure.

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