Mortgage Guaranty Insurance Carriers

Companies in this industry provide mortgage guaranty insurance products to protect lenders against mortgage loan default. Activities include issuing private mortgage insurance (PMI) to residential mortgage lenders; such mortgage insurance reduces the financial risk to lenders and is often required when the amount of the loan exceeds the property's appraised value by a certain percentage. Lenders also routinely use mortgage insurance as a means of reducing the required down payment amounts put forth by home buyers.