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Violation Tracker Individual Record

Company: Mortgage Guaranty Insurance Corporation (MGIC)
Current Parent Company: MGIC Investment Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $550,000
Year: 2012
Date: April 30, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: discriminatory practices (non-employment)
Violation Description: The Department of Justice settled a lawsuit against the Mortgage Guaranty Insurance Corporation (MGIC) for discriminating against women on maternity leave in violation of the Fair Housing Act.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Rights Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Wisconsin
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.