Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CMG MIs Ez Decisioning accepts GSE loans for coverage
SAN FRANCISCO (1/19/12)--CMG Mortgage Insurance Co. (CMG MI), a provider of private mortgage guaranty insurance, has launched EZ Decisioning, a new set of program guidelines.

Conforming mortgage loans that meet the EZ Decisioning criteria and have received a valid Desktop Underwriter Approve/Eligible, Desktop Underwriter Expanded Approval/Eligible or a Loan Prospector Accept/Eligible are eligible for CMG MI mortgage insurance coverage.

EZ Decisioning program features some expanded eligibility guidelines, dropping credit scores to 620 for loan-to-value (LTV) ratios less than or equal to 95%.  Borrower contributions have been eliminated for borrowers with credit scores of 720 and above. 

"By aligning this program with the government-sponsored enterprises approval process, we anticipate greater efficiencies for our customers and ourselves," said CMG MI Kim Shaul, senior vice president and general manager.


RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
10 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
11 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
12 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
14 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
14 hours ago