Decide at what price you'd be comfortable buying and we'll help you stay ready.
MGIC Investment Corp. is a private mortgage insurance company. It helps lenders make home loans to borrowers who put down less than a standard down payment by promising to cover part of the lender’s loss if the borrower defaults. Its main product is mortgage insurance written on residential mortgages in the United States.
Its customers are banks, mortgage lenders, and other loan originators, while the end users are homebuyers who need financing with a smaller down payment. MGIC earns money by collecting insurance premiums on the loans it insures and by investing the premiums it receives. That makes it a specialty insurer tied closely to the housing market and to the flow of new home loans.
MGIC’s role in the mortgage market is different from a bank or a traditional property insurer. It does not lend money to homeowners or insure houses themselves; it insures the lender’s credit risk on individual mortgages. This business sits between the lender and the housing market, helping loans get approved while protecting lenders from some of the downside if borrowers fail to pay.
Alpha Spread
Preferences
We rebuilt our DCF valuation models from the ground up and upgraded how Intrinsic Value is calculated. Alpha Spread now selects the method that best fits each company.
You can now see how the new methodology performed across thousands of stocks on our new Valuation Backtest page. We update the results at the end of every month.
New to Alpha Spread? Create free account
By using Alpha Spread you are agreeing to our Terms of Service and Privacy Policy.
Already have an account? Sign in
Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
Read more