Getting Back to Basics…
In today’s market, the mortgage industry is getting back to basics. The fact is, high-LTV loans statistically represent a greater likelihood of default. And it’s a basic economic fact that everyone benefits when borrowers have some equity in their homes.
Despite the current environment, we continue to support your ability to facilitate affordable and sustainable homeownership for a wide range of borrowers.
- Primary risk in force of over $28 billion
- Over 700,000 primary policies in force
- Prime loans: 93.2% of primary risk in force
- Less than A Quality: 6.8% of primary risk in force
- Fixed-rate loans: 90.5% of primary risk in force
- PMI’s risk in force is primarily comprised of loans for primary residences
- Average primary loan size: $161,300
- Diversified geographic concentration: No more than 10.1% in any one U.S. state
As we face industry challenges together, we move forward by getting back to basics together--back to the fundamentals that allow us to help qualified borrowers achieve successful homeownership.
. . . because equity matters.
*As of 9/30/09
The mortgage insurance discussed in this website is underwritten by
PMI Mortgage Insurance Co. and its affiliates.
PMI Mortgage Insurance Co. and its affiliates.
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