Press Releases
S&P Affirms "BBB" Rating for CMG Mortgage Insurance Company
SAN FRANCISCO, CA - February 3, 2012 - CMG Mortgage Insurance Company (CMG MI) announced today that Standard & Poor’s Rating Services affirmed the company’s "BBB" rating. (Read more)
Pete Pannes Named CMG MI’s Senior Vice President and General Manager
SAN FRANCISCO, CA - January 25, 2012 - CMG Mortgage Insurance Company (CMG MI) announced that Pete Pannes has been named senior vice president and general manager. (Read more)
CMG MI’s New EZ DecisioningSM Program Accepts Conforming GSE Approved Loans for MI Coverage
SAN FRANCISCO, CA - January 16, 2012 - CMG Mortgage Insurance Company (CMG MI) announced today the launch of a new set of program guidelines called EZ Decisioning. (Read more)
CMG MI Comments on Chapter 11 Filing by The PMI Group, Inc.
Filing Will Not Impact CMG MI Day-To-Day Operations
SAN FRANCISCO, CA - November 30, 2011 - CMG Mortgage Insurance Company (CMG MI) responded today to the Maricopa County, Arizona, Superior Court Order directing the Arizona Director of the Department of Insurance to take Possession and Control of PMI Mortgage Insurance Co. (PMI). (Read more)
CMG MI Reiterates Commitment to Uninterrupted Superior Service to Credit Union Customers
SAN FRANCISCO, CA - CMG Mortgage Insurance Company’s executive leadership said today the company’s operations remain strong, and the company’s focus on credit unions’ mortgage insurance needs is unaffected by the Nov. 23, announcement that The PMI Group, Inc. (TPG), had filed for Chapter 11 federal bankruptcy protection.(Read more)
CMG MI Responds to Arizona Action and Confirms Continuing Commitment to Credit Unions
SAN FRANCISCO, CA - In response to the recent action taken by Arizona’s Department of Insurance in placing PMI Mortgage Insurance Co. under supervision, CMG MI has issued its response. (Read more)
CMG MI Reconfirms Financial Strength and Stand-Alone Status
SAN FRANCISCO, CA - In light of recently reported financial results in the mortgage insurance industry, CMG Mortgage Insurance Company (CMG MI) has issued a statement confirming its financial strength and its ability to originate new mortgage insurance. (Read more)
CMG Mortgage Insurance Company Names Nate Halverson as New Account Executive for Mountain West Territory
SAN FRANCISCO, CA - CMG Mortgage Insurance Company (CMG MI) has announced that Nate Halverson will join the company July 1, 2011, as Account Executive for the Mountain West Territory. (Read more)
CMG Mortgage Insurance Company Announces Retirement of Joe Dillon, Names Kimberly Shaul as Senior Vice President and General Manager
SAN FRANCISCO, CA - CMG Mortgage Insurance Company (CMG MI) has announced that Senior Vice President and General Manager Joe Dillon will retire Oct 31. (Read more)
CMG MI Co-Sponsors ACUMA’s First Regional Mortgage Success Workshop for Credit Unions
SAN FRANCISCO, CA - CMG Mortgage Insurance Company (CMG MI) will co-sponsor the American Credit Union Mortgage Association’s (ACUMA) first regional workshop focused on mortgage success for credit unions. (Read more)
CMG MI Teams with The Housing Education Program to Provide Homebuyer Education for WHEDA
SAN FRANCISCO, CA - CMG Mortgage Insurance Company (CMG MI) has announced the launch of a homebuyer education program to serve Wisconsin credit unions offering low-down-payment home loans through the Wisconsin Housing and Economic Development Authority (WHEDA®). The program is free of charge to both credit unions and their members getting WHEDA loans. (Read more)
CMG Mortgage Insurance Company Launches "Blaine’s Sound Bytes" to Enhance Credit Union Training
SAN FRANCISCO, CA - CMG Mortgage Insurance Company (CMG MI) announced the launch of “Blaine's Sound Bytes,” a new series of online audio files providing tips and best practices on different mortgage lending topics. (Read more)
CMG MI Helps Facilitate Dodd-Frank Education at Wisconsin CUREN in February 2011
Press Releases:
CNBC
The Niche Report
Yahoo Finance
Noted Economist Tells Lending Council U.S. Housing Cycle Has Likely Bottomed, but Weak Recovery Means Modest Gains in 2011
Las Vegas, NV - Leading U.S. economist Dr. David Berson said Monday the U.S. housing market has likely reached the bottom of this housing cycle and is trending upward, but that the third consecutive jobless recovery in U.S. history means few gains for the market or the overall economy in 2011. (Read more)