Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
5 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
6 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
8 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
9 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
9 hours ago