Essent Guaranty to Provide Mortgage Insurance for FHLBs

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Essent Guaranty in Radnor, Pa., is now an approved insurer of mortgage loans sold to Federal Home Loan Banks.

The Federal Home Loan Bank of Boston has approved Essent as a mortgage insurer for loans purchased under the bank’s Mortgage Partnership Finance program designed to offer FHLB member institutions “a competitive secondary market alternative.”

The approval automatically makes Essent Guaranty eligible to provide mortgage insurance to all Federal Home Loan Banks, Essent said in a press release.

“Essent Guaranty is thrilled to receive the FHLB of Boston’s approval to expand services and help meet the mortgage insurance requirements of all its participating financial institutions in New England” who serve the needs of low-down-payment borrowers, said Jeff Cashmer, Essent’s chief business officer.

Article source: http://www.nationalmortgagenews.com/news/risk-management/essent-guaranty-to-provide-mortgage-insurance-for-fhlbs-1042672-1.html

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