Now that it has a green light from the Wyoming Department of Insurance to operate in Wyoming, National Mortgage Insurance Corp. (National MI) is now licensed to write mortgage guaranty insurance in all 50 U.S. states and the District of Columbia, the company reports.
‘We are pleased that National MI is able to provide mortgage insurance to lenders offering loans to borrowers in Wyoming,’ says Bradley Shuster, president and chief executive officer of NMI Holdings Inc., parent company to National MI. ‘The approval by the Wyoming Department of Insurance marks a significant milestone for National MI as we are now able to provide mortgage insurance in every state in the U.S., as well as the District of Columbia. We believe this is especially important to our customers who do business nationwide.’
‘National MI commends the Wyoming Department of Insurance for acknowledging the importance of private mortgage insurance and the role it plays in broadening home ownership opportunities for Americans,’ Shuster adds.
National MI received approval from Fannie Mae and Freddie Mac in January 2013.