Company Information

Get to know PMI Mortgage Insurance Co.

PMI Mortgage Insurance Co. was a key subsidiary of The PMI Group, Inc., specializing in providing private mortgage insurance (MI). This insurance protected lenders and investors from losses if a borrower with a low down payment (typically less than 20%) defaulted on their mortgage. As a major player in the U.S. housing market, the company was severely impacted by the 2008 financial crisis and the subsequent wave of mortgage defaults. Due to its significant losses and inability to meet future obligations, the company was seized by state regulators in 2011, placed into runoff (meaning it stopped writing new policies), and its parent company ultimately filed for bankruptcy.

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PMI Mortgage Insurance Co.

United States

Founded in

1972 (54 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.