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History of Private Mortgage Insurance PDF Print E-mail
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Written by Tamara Schmitt   
Monday, 07 November 2005
Private Mortgage Insurance originated in the 1950s with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC), referred to as “magic”. For this reason, early PMI methods were deemed to “magically” assist in getting lender approval on an otherwise unacceptable loan package. Today, there are eight PMI insurance underwriting companies in the United States.
Last Updated ( Tuesday, 22 August 2006 )
 
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