NMI Holdings, Inc. (NMIH), the parent company of National Mortgage Insurance Corp., announced that NMIC’s application for an insurance license has been approved by Wyoming’s Department of Insurance.
With NMIC’s approval in Wyoming, the company is now licensed to write mortgage guaranty insurance in all 50 states and the District of Columbia.
“We are pleased that National MI is able to provide mortgage insurance to lenders offering loans to borrowers in Wyoming,” said Bradley Shuster, president and chief executive officer of NMI Holdings, Inc.
“The approval by the Wyoming Department of Insurance marks a significant milestone for National MI as we are now able to provide mortgage insurance in every state in the U.S., as well as the District of Columbia. We believe this is especially important to our customers who do business nationwide,” he said.
In January 2013, NMIC was approved as an eligible mortgage insurer for Fannie Mae and Freddie Mac loans.
Shuster added, “National MI commends the Wyoming Department of Insurance for acknowledging the importance of private mortgage insurance and the role it plays in broadening home ownership opportunities for Americans.”