Press Releases

CMG MI Releases Executive White Paper - "The Basics of Mortgage Lending for Credit Unions"

The Paper was developed by the Mortgage Insight Panel, a select group of Credit Union professionals who work closely with CMG MI to help educate Credit Union leadership about the value of real estate lending . The Paper focuses on how mortgage lending can drive long-term relationships with members and outlines practical strategies for credit unions seeking to enter the mortgage marketplace. (Read more)

CMG Mortgage Insurance Company First in United States to Insure Portable Mortgages

SAN FRANCISCO, CA - September 19, 2007 – CMG Mortgage Insurance Company (CMG MI) has become the first U.S. mortgage insurance (MI) provider to insure portable mortgage loans through its new GO mortgage insurance program. (Read more)

Congress Votes to Make Mortgage Insurance Tax-Deductible

SAN FRANCISCO, CA – December 11, 2006 – Qualified low- and moderate-income homebuyers will be able to deduct up to 100% of the cost of their mortgage insurance premium from their 2007 federal taxes, after Congress approved a new tax bill early Saturday. (Read more)