Arch Mortgage Insurance Co. (Arch MI), a provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd., says the Federal Home Loan Bank of Boston (FHLB Boston) has approved Arch MI as an eligible mortgage insurer for loans purchased under its Mortgage Partnership Finance program.
The program provides member institutions a competitive secondary market alternative. With this approval, Arch MI says, the company is now an eligible mortgage insurance provider to all Federal Home Loan Banks across the nation with mortgage purchase programs.
"Arch MI is extremely pleased to be granted approval from FHLB Boston and to serve the mortgage credit enhancement needs of its more than 440 New England financial institution members," says Richard Izen, executive vice president of sales and marketing at Arch MI.
