WALNUT CREEK, Calif.--(BUSINESS WIRE)--Arch Capital Group Ltd. and Arch Mortgage Insurance Company (“Arch MI”), a leading provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., today announced a major contribution to help families with a critically ill or injured child make their mortgage or rent payment. The contribution is in support of The Mortgage Bankers Association Opens Doors Foundation (“MBA Opens Doors”), a non-profit organization developed to help individuals and families facing housing challenges associated with the significant cost of medical care for a seriously ill or injured child.
“We believe in helping families realize the dream of homeownership and are pleased to support a foundation that aligns with Arch MI’s culture and its focus on the value of family. The Opens Doors Foundation and its mission to provide assistance to families with critically ill or injured children, allowing them to take unpaid leave from work and spend precious time together without jeopardizing their homes, reflects the essence of our own mission,” said Andrew Rippert, Chief Executive Officer of Global Mortgage at Arch Capital Group, parent of Arch MI.
Arch MI and its parent organization, Arch Capital Group Ltd., are active participants in the nation’s housing finance system and are focused on expanding sustainable homeownership for American families. Arch MI’s mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers.
“We are very pleased to make this contribution to MBA Opens Doors Foundation to help ease the financial burdens families face when confronted with a child’s medical crisis,” said David Gansberg, Chief Executive Officer of Arch MI. “Opens Doors can relieve the financial stress related to a parent’s housing situation during this very emotional and challenging time, allowing families to focus on their children’s care and recovery.”
ABOUT ARCH MORTGAGE INSURANCE COMPANY
Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Walnut Creek, CA, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI’s flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia, and Puerto Rico. For more information, please visit archmi.com.