Exhibit 21

MGIC INVESTMENT CORPORATION

DIRECT AND INDIRECT SUBSIDIARIES⁽¹⁾

1. MGIC Assurance Corporation

2. MGIC Credit Assurance Corporation

3. MGIC Indemnity Corporation

4. MGIC Insurance Services Corporation

5. MGIC Investor Services Corporation

6. MGIC Mortgage and Consumer Asset I, LLC⁽²⁾

7. MGIC Mortgage and Consumer Asset II, LLC⁽²⁾

8. MGIC Mortgage Services, LLC

9. MGIC Reinsurance Corporation of Vermont⁽³⁾

10. MGIC Reinsurance Corporation of Wisconsin

11. Mortgage Guaranty Insurance Corporation

The names of certain entities that would not in the aggregate be a significant subsidiary are omitted.

⁽¹⁾  Except as otherwise noted in a footnote, all companies listed are 100% directly or indirectly owned by the registrant and all are incorporated in Wisconsin.

⁽²⁾  Organized under Delaware law.

⁽³⁾  Organized under Vermont law.