Arch MI, Arch Capital Group Ltd.’s US mortgage insurance operation, announced the launch of Arch Mortgage Guaranty Company (AMG).
AMG is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations.
AMG has been issued a new insurance financial strength (IFS) rating of ‘A3’ by Moody’s Investors Service, representing their highest IFS rating within the U.S. mortgage insurance industry.
"Arch MI is very pleased to announce the launch of our newest mortgage credit enhancement solution, Arch Mortgage Guaranty, and its ‘A3’ IFS rating from Moody’s Investors Service," said David Gansberg, President and CEO of Arch MI.
AMG is a separately capitalized entity and not subject to GSE requirements. AMG is uniquely positioned to insure various types of prime, standard and non-standard mortgages, including Jumbo, non-QM and portfolio mortgages on an individual, bulk, or pool basis.
With AMG’s highest Moody’s IFS rating in the U.S. mortgage insurance industry, its unique master policy offering the opportunity for ‘Day 1’ rescission relief without the need for the borrower to make twelve consecutive payments, and the ability to insure a wide range of mortgages, Arch MI brings another superior and innovative value proposition to the mortgage insurance marketplace.
Arch Capital Group Ltd.’s US mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk.
Headquartered in Walnut Creek, Arch MI’s mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers.