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
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
16 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
21 hours ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
22 hours ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
22 hours ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
23 hours ago