Saturday , 23 January 2021

Private MI Updates; Trends in Fast Growing Rental Markets and Gentrification

By Rob Chrisman

Posted To: Pipeline Press

National MI recently added a Homebuyer Education course to its offerings. This online course will help first-time homebuyers navigate the home buying process, from how to qualify for a mortgage at affordable terms, to where to find a homebuyer assistance program. Upon completion, the borrower will receive a HBE certificate, which is a requirement with the recent expansion of 97% LTVs. Not only did Wells Fargo recently approve Arch MI, but ARCH announced the launch of Arch Mortgage Guaranty Company (“AMG”). In tandem with this launch, Moody’s Investors Service has issued Arch Mortgage Guaranty an insurance financial strength (IFS) rating of ‘A3’-their highest IFS rating within the U.S. mortgage insurance Industry. In January NYCB Mortgage Company began offering Arch MI as an additional mortgage…(read more)

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