mortgage insurance

• CFPB Levies $15 Million in Fines Against Mortgage Insurers

  By Heather Anderson  |  April 4, 2013

  Enforcement action over what bureau said were widespread kickbacks to lenders across the country.

• CUNA Mutual Group: CMG MI Deal Part of a Bigger Picture

  By David Morrison  |  February 11, 2013

  Sale of jointly owned mortgage insurer will take a while to finalize because of bankruptcy complications of partner firm.

• CUNA Mutual Group, PMI to Sell Mortgage Insurance Operation to Arch Capital Group

  By Marc Rapport  |  February 8, 2013

  Bermuda-based insurer will operate firm through distribution and reinsurance agreement pending Arizona regulator, other approvals.

• Consumer Financial Protection Agency to Investigate Mortgage Insurers

  By Arthur D. Postal  |  August 8, 2012

  Agency looking at alleged kickbacks to bankers, violations of RESPA.

• New Bill Would Open FHLB to Privately Insured CUs

  By Heather Anderson  |  July 13, 2012

  A bill that would allow privately insured credit unions access to the Federal Home Loan Bank system has been introduced in the House.

• PMI Group Files for Bankruptcy

  By David Morrison  |  December 4, 2011

  The ongoing saga involving PMI Mortgage Insurance and CUNA Mutual Group Mortgage Insurance entered into a new stage on Thanksgiving Eve when the PMI Group, PMI MI's holding company, filed for bankruptcy in federal court.

• CUNA Mutual Shrugs Off Arizona Order

  By Michelle A. Samaad  |  August 31, 2011

  CMG Mortgage Insurance Co. said that a recent action by Arizona’s Department of Insurance placing PMI Mortgage Insurance Co. under supervision will not impact the firm’s new business originations or servicing of existing policies. 

• Arizona Cease Order Won’t Impact CMG Mortgage

  By Michelle A. Samaad  |  August 23, 2011

  PMI Group and PMI Mortgage ordered to stop issuing new insurance commitments without state approval.