MGIC Investment Corporation (MGIC) is a holding company and through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance in the United States. MGIC is licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam. In addition to mortgage insurance on first liens, the Company, through its subsidiaries, provides lenders with various underwriting and other services and products related to home mortgage lending. The Company has investment and related earnings in two less than majority owned joint ventures, Credit-Based Asset Servicing and Securitization LLC, C-BASS, and Sherman Financial Group LLC, Sherman.