PMIERs – Private Mortgage Insurer Eligibility Requirements
Undistracted by rescissions and claims
- National MI welcomes PMIERS and will be able to immediately comply with the new financial requirements.
- This capital framework reinforces the importance of sound and financially sustainable private mortgage insurance (MI) industry, which is a critical component of a healthy residential mortgage market
- Supports an increased role for private MI in providing credit enhancement, and potentially through upfront risk sharing and deeper MI coverage
National MI’s risk-to-capital ratio is well below the state regulatory limit and one of the lowest in the industry.
In November 2015, National MI raised an additional $150 million of capital, which provides the capacity to write approximately $20 Billion of new insurance.
National MI does not need to apply unnecessary rescission behaviors to preserve capital.
Confidence with National MI: Continuing to Provide the Highest Standards of Customer Service and Coverage Terms
- We built our company with PMIERs in mind – no change to our business philosophies or operational practices
Continue to expect the benefits that come with National MI SafeGuard®, Day 1 Protection, Sensible Servicing® and ATR Confident
PMIERs – Additional Information