Essent Guaranty, a nationwide provider of mortgage insurance (MI), announced the Federal Home Loan Bank of Boston (FHLB Boston) approved Essent Guaranty as an eligible mortgage insurer for loans purchased under its Mortgage Partnership Finance program, which provides member institutions a competitive secondary market alternative.
With this approval, Essent Guaranty is now an eligible mortgage insurance provider to all Federal Home Loan Banks across the nation with mortgage purchase programs.
"Essent Guaranty is thrilled to receive the FHLB of Boston’s approval to expand services and help meet the mortgage insurance requirements of all its participating financial institutions in New England," said Jeff Cashmer, Essent’s Chief Business Officer.
"We look forward to providing credit enhancement for loans through the Mortgage Partnership Finance® program. Essent offers FHLB Boston member institutions the benefits of working with a strong and fair counterparty and dedicated customer service to best serve their home financing needs for low down payment borrowers."
Essent Group is a Bermuda-based holding company which, through its wholly-owned subsidiary Essent Guaranty, Inc., offers private mortgage insurance for single-family mortgage loans in the United States. Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners.