Arch Mortgage Insurance Company (“Arch MI”), a provider of private mortgage insurance (“MI”) and a wholly owned subsidiary of Arch Capital Group Ltd., has been approved by the California Housing Finance Agency (“CalHFA”) to provide private MI on the agency's conventional first-mortgage loans, effective September 5, 2019.
In a statement, Arch MI said that, by insuring CalHFA's low-interest-rate loans for low- and moderate-income borrowers in California, it will make it possible for more state residents to qualify for home ownership.
“Arch MI is pleased to be named an approved insurer for CalHFA,” said Carl Tyree, Arch MI's executive vice president and chief sales officer. “Affordability continues to be a key issue for many housing markets and especially California. By providing MI on eligible loans backed by CalHFA, Arch MI will be working with the state's affordable housing lender to expand homebuying opportunities for Californians.”
Arch MI is headquartered in Greensboro, North Carolina. 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.
Learn more: www.archmi.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].