Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 275

Arch MI Approved to Insure CalHFA Loans

Posted by fidest press agency su lunedì, 22 luglio 2019

Arch Mortgage Insurance Company (“Arch MI”), a leading provider of private mortgage insurance (MI) and a wholly owned subsidiary of Arch Capital Group Ltd., announced today that the California Housing Finance Agency (“CalHFA”) has approved it to provide private MI on the agency’s conventional first-mortgage loans, effective Sept. 5, 2019.By insuring CalHFA’s low-interest-rate loans for low- and moderate-income borrowers in California, Arch MI will make it possible for more state residents to qualify for home ownership.
“Arch MI is pleased to be named an approved insurer for CalHFA,” said Carl Tyree, Arch MI Executive Vice President and Chief Sales Officer. “Affordability continues to be a key issue for many housing markets and especially California. By providing MI on eligible loans backed by CalHFA, Arch MI will be working with the state’s affordable housing lender to expand homebuying opportunities for Californians.”

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