United Guaranty Responds to Final PMIERs Rules
April 20 2015 - 9:30AM
Business Wire
The highest-rated, GSE-approved mortgage
insurer, United Guaranty will be fully compliant with PMIERs on the
effective date, December 31, 2015
United Guaranty recognizes the importance of the Private
Mortgage Insurance Eligibility Requirements that were released on
Friday, April 17, 2015. This is a critical and necessary step that
will allow the entire mortgage insurance industry to move forward
by incorporating lessons learned during the financial crisis.
United Guaranty is committed to being prepared to withstand
economic stress events. As an AIG member company, United Guaranty
is part of a nonbank systemically important financial institution
(nonbank SIFI) and participates in Comprehensive Capital Analysis
and Review (CCAR) stress testing, which no other MI is currently
subject to.
“As the highest-rated, GSE-approved insurer, United Guaranty is
well positioned to meet these requirements,” said United Guaranty
President and CEO Donna DeMaio. “We will be fully compliant with
the eligibility standards on the effective date, December 31,
2015.”
About United Guaranty1
United Guaranty Corporation and its subsidiaries provide
certainty to mortgage lenders through world-class underwriting,
quality risk solutions, and dynamic pricing available through
Performance Premium®, the industry’s only MI pricing that is truly
risk based. Established in Greensboro, North Carolina, in 1963,
United Guaranty is a company of American International Group,
Inc.
1United Guaranty is a marketing term for United Guaranty
Residential Insurance Company and United Guaranty Mortgage
Indemnity Company. United Guaranty and Performance Premium are
registered marks. Coverage is available through admitted company
only.
Additional information about United Guaranty can be found at
www.ugcorp.com | Twitter: @UnitedGuaranty | LinkedIn:
https://www.linkedin.com/company/united-guaranty-corporation
MC-2-A977H-0415
United Guaranty CorporationJo Fleischer, 336-333-0433C:
336-609-3957Director–Media Relations
American (NYSE:AIG)
Historical Stock Chart
From Mar 2024 to Apr 2024
American (NYSE:AIG)
Historical Stock Chart
From Apr 2023 to Apr 2024