Lending Industry

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January 1, 1 6 min read Definitions
MGIC Mortgage Guaranty Insurance Corporation (MGIC)
MGIC Mortgage Insurance Private Mortgage Insurance PMI Home Loans Real Estate Lending Industry Borrower Protection
MGIC is a provider of private mortgage insurance in the United States. Private mortgage insurance (PMI) protects lenders by covering mortgage payments in the event the borrower defaults, particularly when the borrower puts down less than 20% as a down payment.
Read more about MGIC Mortgage Guaranty Insurance Corporation (MGIC).

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