Model home sitting next to mortgage paperwork. Source: Shutterstock.

CUNA Mutual Group and Mortgage Guaranty Insurance Corporation (MGIC) announced a new combined effort to provide private mortgage insurance to credit unions.

According to a statement released on Monday, CUNA Mutual Group, headquartered in Madison, Wis., said this new program called “CUNA Mutual Group Private Mortgage Insurance, provided by MGIC” will make home ownership “more accessible to credit union members by reducing risks for lenders.”

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Michael Ogden

Editor-in-Chief for CU Times.

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