GREENSBORO, N.C.--(BUSINESS WIRE)--United Guaranty recognizes the importance of the Private Mortgage Insurance Eligibility Requirements that were released on Friday, April 17, 2015. This is a critical and necessary step that will allow the entire mortgage insurance industry to move forward by incorporating lessons learned during the financial crisis.
United Guaranty is committed to being prepared to withstand economic stress events. As an AIG member company, United Guaranty is part of a nonbank systemically important financial institution (nonbank SIFI) and participates in Comprehensive Capital Analysis and Review (CCAR) stress testing, which no other MI is currently subject to.
“As the highest-rated, GSE-approved insurer, United Guaranty is well positioned to meet these requirements,” said United Guaranty President and CEO Donna DeMaio. “We will be fully compliant with the eligibility standards on the effective date, December 31, 2015.”
About United Guaranty1
United Guaranty Corporation and its subsidiaries provide certainty to mortgage lenders through world-class underwriting, quality risk solutions, and dynamic pricing available through Performance Premium®, the industry’s only MI pricing that is truly risk based. Established in Greensboro, North Carolina, in 1963, United Guaranty is a company of American International Group, Inc.
1United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. United Guaranty and Performance Premium are registered marks. Coverage is available through admitted company only.
Additional information about United Guaranty can be found at www.ugcorp.com | Twitter: @UnitedGuaranty | LinkedIn: https://www.linkedin.com/company/united-guaranty-corporation