| 词条 | Mortgage Guaranty Insurance Corporation |
| 释义 |
| name = Mortgage Guaranty Insurance Corporation | logo = | type = Subsidiary of MGIC Investment Corporation | foundation = 1957 | founder = Max H. Karl | location = Milwaukee, Wisconsin, U.S. | area_served = | key_people = | industry = Private Mortgage Insurance | products = | market cap = | net_income = | assets = | homepage = www.mgic.com }}{{Infobox company | name = MGIC Investment Corporation | traded_as = {{NYSE|MTG}} Russell 2000 Component }} Mortgage Guaranty Insurance Corporation (a subsidiary of MGIC Investment Corporation) {{NYSE|MTG}} is a provider of private mortgage insurance in the United States.[1] The company is headquartered in Milwaukee, Wisconsin. In addition to mortgage insurance, MGIC provides lenders with various underwriting and other services and products related to home mortgage lending. Today, MGIC serves lenders in the United States, Puerto Rico and Guam with obtaining mortgage insurance. The company's key executives are Pat Sinks (Chief Executive Officer), Steve Mackey (EVP Chief Risk Officer), Paula Maggio (EVP General Counsel and Corporate Secretary), Tim Mattke (EVP and Chief Financial Officer), Jay Hughes (EVP Sales and Business Development), Sal Miosi (EVP Business Strategy and Operations). HistoryIn 1957, the company was founded in Milwaukee by Max H. Karl, a real estate attorney who noticed that his clients were having trouble paying for their new homes. Karl invented modern private mortgage insurance and secured US$250,000 from investors, including friends and business associates, to open MGIC.[2] In 1982, Karl sold the company to Baldwin United for $1.2 billion.[3][4] In 1983 Baldwin United filed for Chapter 11 bankruptcy protection,[5] and in 1985 MGIC was liquidated and its assets sold to Northwestern Mutual for $775 million.[6] That same year, Karl and others set up a new company with the same name.[2] In 1987, Bill Lacy was appointed chairman and chief executive officer of the company. Lacy died in 2016.[7] In 1995, the founder of the company, Max H. Karl, died.[2] Subprime mortgage crisis and Great Recession{{See also|Subprime mortgage crisis|Great Recession}}On 8 August 2007, MGIC announced it would discontinue its purchase of Radian Group[8] after suffering a billion-dollar loss[9] of its investment in Credit-Based Asset Servicing and Securitization (C-BASS, New York).[10] Over the period from 2006 to 2017, MGIC stock fell more than 94 percent.[11][12] Community ServiceMGIC supports many community organizations through donations and volunteering. They currently have programs and campaigns supporting United Way, Junior Achievement, United Performing Arts Fund, Milwaukee Public Television, Habitat for Humanity, Secure Futures and many other nonprofit organizations.[13] HonorsMortgage Guaranty Insurance Corporation has been named a "Top Workplace" by the Milwaukee Journal Sentinel every year since 2010.[14] In 2015, MGIC was one of the winners of the Healthiest Employers awarded by the Milwaukee Business Journal.[15] MGIC received a 2018 Platinum WELCOA Well Workplace Award.[16] References1. ^{{cite book|last=Plunkett|first=jack|title=Plunkett's Insurance Industry Almanac 2007|year=2007|publisher=Plunkett Research, Ltd.|location=Houston, Texas|isbn=1-59392-405-4|url=https://books.google.com/books?id=AzSWl06nrrUC&pg=PT332&dq=MGIC+Mortgage+Insurance&hl=en&sa=X&ei=uDn4UbKtIeL7iwKWyIHwDg&ved=0CEYQ6AEwAQ#v=onepage&q=MGIC%20Mortgage%20Insurance&f=false}} 2. ^1 2 {{cite news | url=https://www.nytimes.com/1995/04/20/obituaries/max-h-karl-85-pioneer-in-mortgage-insurance.html | title=Max H. Karl, 85, Pioneer in Mortgage Insurance | first=MICHAEL | last=QUINT | publisher=The New York Times | date=April 20, 1995}} 3. ^{{cite news | url=https://www.nytimes.com/1983/09/15/business/baldwin-to-sell-mgic-unit.html | title=BALDWIN TO SELL MGIC UNIT | first=MICHAEL | last=BLUMSTEIN | publisher=The New York Times | date=September 15, 1983}} 4. ^{{cite news | url=https://www.washingtonpost.com/archive/business/1982/02/23/baldwin-mgic-deal-approved/f81c0de3-aafe-4920-904f-78796372c718/ | title=Baldwin-MGIC Deal Approved | first=Thomas W. | last=Lippman | publisher=The Washington Post | date=February 23, 1982}} 5. ^{{cite report |author=Office of the Commissioner of Insurance |date=January 11, 2018 |title=Report of the Examination of MGIC Indemnity Corporation, Milwaukee, Wisconsin As of December 31, 2016 |url=https://oci.wi.gov/Documents/Companies/FinMGICInd.pdf |publisher=State of Wisconsin |page=4 |access-date=October 15, 2018}} 6. ^{{cite news | url=http://articles.chicagotribune.com/1985-01-14/business/8501030671_1_baldwin-united-baldwin-united-arkansas-and-indiana | title=Baldwin To Receive $715 Million | publisher=Chicago Tribune | date=January 14, 1985}} 7. ^{{cite press release | url=http://www.prnewswire.com/news-releases/mgic-mourns-former-chairman-and-ceo-william-lacy-300319546.html | title=MGIC Mourns Former Chairman and CEO, William Lacy | publisher=PRNewswire | date=August 29, 2016}} 8. ^MGIC May Abandon Radian, Forbes, 2007-08-10 9. ^Milwaukee Journal-Sentinel, August 6, 2007 10. ^{{cite press release|url = http://www.c-bass.com/Press/Blackstone%20Announcement%20080307.pdf|title = C-Bass LLC Retains the Blackstone Group|date = 2007-08-03|publisher = C-BASS}}{{dead link|date=February 2018 |bot=InternetArchiveBot |fix-attempted=yes }} 11. ^{{Cite web|url=http://abcnews.go.com/Business/Economy/story?id=7903397&page=1|title=CEOs Don't Want to Be Seen Playing Golf|last=News|first=A. B. C.|date=2009-06-24|website=ABC News|access-date=2017-05-02}} 12. ^https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWOIFnYKjkIU 13. ^{{Cite web|url=https://www.mgic.com/about-mgic|title=Learn about MGIC: profile, history, community|website=www.mgic.com|language=en|access-date=2019-02-27}} 14. ^http://www.topworkplaces.com/frontend.php/regional-list/company/jsonline/mgic-investment-corp 15. ^{{Cite web|url=https://www.bizjournals.com/milwaukee/blog/2015/09/milwaukee-business-journal-names-winners-of.html|title=Milwaukee Business Journal names winners of Healthiest Employers Awards|last=|first=|date=|website=www.bizjournals.com|archive-url=|archive-date=|dead-url=|access-date=2019-02-27}} 16. ^{{Cite web|url=https://www.welcoa.org/well-workplace-award-winners/year/2018/|title=2018 Well Workplace Winners|website=WELCOA|language=en-US|access-date=2019-02-27}} External links
8 : Companies listed on the New York Stock Exchange|Financial services companies established in 1957|Real estate companies of the United States|Companies based in Milwaukee|Insurance companies of the United States|1957 establishments in Wisconsin|1982 mergers and acquisitions|Companies that filed for Chapter 11 bankruptcy in 1983 |
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