Walnut Creek, California-based Arch MI, Arch Capital Group’s U.S. mortgage insurance operation, announced the launched of Arch Mortgage Guaranty Company.
Arch created AMG as a mortgage insurance company specifically for mortgage loans that originators intend to retain in their portfolios or include in private securitizations.
Along with the announcement, Moody’s Investors Service also issued AMG a new insurance financial strength rating of ‘A3’, 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.
“Arch MI continues to provide unique and innovative mortgage insurance solutions to our customers, including the first and only master policy offering “Day 1” rescission relief,” said Gansberg.
AMG insures various types of prime, standard and non-standard mortgages, including Jumbo, non-QM and portfolio mortgages on an individual, bulk, or pool basis.
