Home Financing Inc. - NMLS 60506
26111 Marguerite Pkwy #A Mission Viejo CA, 92692
Need Mortgage Help? (888) 335-1434

What is the History of Private Mortgage Insurance (PMI)?

The Private Mortgage Insurance industry originated in the 1950's with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC). They were referred to as "magic" as these early PMI methods were deemed to "magically" assist in getting lender approval on otherwise unacceptable loan packages. Today there are 8 PMI underwriting companies in the United States.

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