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PMI Mortgage Insurance Co. provides residential mortgage insurance coverage in the United States. The company offers policy servicing, e-PMI servicing, loss mitigation, and claims and default.
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Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lendernot youif you stop making payments on your loan.
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The PMI Group is a holding company whose primary subsidiary is the PMI Mortgage Insurance Co. (PMI).. PMI has a 50% equity ownership in cmg mortgage insurance company , founded in 1994 as a JV with cuna mutual group, and CMG Mortgage Assurance company (collectively cmg mi), a provider of private mortgage insurance to the credit union industry.
The Effect of PMI Insurance on Help Offered to Homeowners in Foreclosure. by Anna Assad . When you bought your home, your mortgage lender may have required private mortgage insurance on your loan. PMI is insurance against your default on your home loan, with the lender as the beneficiary.
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1. Request PMI cancellation when the amount of your mortgage falls to 80 percent or less of the original purchase price. You must be current on your payments and have a good payment history, have no second liens on the property, and may be required to provide certification (usually an appraisal).