Arch MI Launches New Company To Insure Mortgages Held In Portfolio

Posted by Patrick Barnard on January 28, 2015 No Comments
Categories : Residential Mortgage

Arch MI, a national provider of private mortgage insurance, has launched Arch Mortgage Guaranty Co. (AMG), a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations.

The new business has been issued an insurance financial strength rating of ‘A3’ by Moody's Investors Service, the highest IFS rating within the U.S. mortgage insurance industry.

‘Arch MI is very pleased to announce the launch of our newest mortgage credit enhancement solution, AMG, and its 'A3' IFS rating from Moody's Investors Service,’ says David Gansberg, president and CEO of Arch MI, in a statement. ‘Arch MI continues to provide unique and innovative mortgage insurance solutions to our customers, including the first and only master policy offering 'Day 1' rescission relief. AMG provides yet another solution to support our customers' product expansion in today's evolving mortgage marketplace and positions us to support our customers' goals of expanding homeownership opportunities.’

AMG is a separately capitalized entity and not subject to government-sponsored enterprise requirements.

Arch MI says the new business is uniquely positioned to insure various types of prime, standard and non-standard mortgages, including Jumbo, non-QM and portfolio mortgages on an individual, bulk or pool basis.

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