Question:

Who are the Mortgage Insurance Companies of America?

Answer:

The Mortgage Insurance Companies of America (MICA) is the association of private mortgage insurers in the US. MICA protects loan originators from financial risks, allowing them to extend funds to default-prone borrowers.

The Mortgage Insurance Companies of America (MICA) works with bank regulators to establish and maintain clearer rules regarding non-traditional mortgages such as:

  • Interest Only mortgages
  • Option ARMs
  • Piggyback mortgage loans

Mortgage Insurance Companies of America members have helped more than 25,000,000 families acquire and keep their homes. MICA members are:

  • Mortgage Guaranty Insurance Corporation
  • AIG United Guaranty
  • Genworth Mortgage Insurance Corporation
  • PMI Mortgage Insurance Co.
  • Republic Mortgage Insurance Company
  • Triad Guaranty Insurance Corporation

Mortgage Insurance Companies of America (MICA) represents the mortgage insurance industry and provides information on different legislative and regulatory issues.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 3.1/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Definitely
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: