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logo
  • Home
  • Refinance
  • Apply
  • Resources
  • Loan Programs
  • Fannie Mae HomeReady Program
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ
  • About
  • Contact
  • Blog
  • Careers
  • Licensing
  • (800) 683-0600

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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About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 872964
www.nmlsconsumeraccess.org

Contact Us

10101 Lloyd Rd
Potomac, Maryland 20854
Phone: (800) 683-0600
info@rapideloans.com

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