Residential & Commercial Lending
NMLS#177901 [MD, VA, DC, PA, CA, TX]
310-340-9722 (CA), 214-973-0284 (TX), 301-919-2160 (PA)
Commercial lending options possible in more than 30 additional states. 
Ask us about special benefits for veteran and other government loans!

What is the History of Private Mortgage Insurance (PMI)?

The Private Mortgage Insurance industry originated in the 1950's with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC). They were referred to as "magic" as these early PMI methods were deemed to "magically" assist in getting lender approval on otherwise unacceptable loan packages. Today there are 8 PMI underwriting companies in the United States.

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