Pathway Mortgage
39555 Orchard Hill Place Suite 600 Novi MI, 48375
Need Mortgage Help? 248-587-7007

What is the History of Private Mortgage Insurance (PMI)?

The Private Mortgage Insurance industry originated in the 1950's with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC). They were referred to as "magic" as these early PMI methods were deemed to "magically" assist in getting lender approval on otherwise unacceptable loan packages. Today there are 8 PMI underwriting companies in the United States.

LenderHomePage Footer Logo Powered By LenderHomePage.com