CMG Mortgage Picks Up Slack On HurricaneCoverage

September 21, 2004, 1:00 a.m. EDT 1 Min Read

SAN FRANCISCO - (09/21/04) -- CMG Mortgage Insurance Co., a CUNAMutual partnership, said it has introduced a Disaster ReliefModification Program that will insure new or additional amounts onloans to homeowners to pay for property damage due to the recentspate of hurricanes in the southeast. The new program will apply tothose loans already covered by CMG or loans that may require CMGcoverage. The program will be available in all counties declared afederal disaster area. CMG Mortgage is a joint venture between CUNAMutual and PMI Mortgage Insurance Co.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Stress tests

What's next after strong bank stress tests?

While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.

By Catherine Leffert

4h ago
Digital banking

Academy Bank gives consumers digital budgeting help

The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.

By Melinda Huspen

6h ago
Cyber security

GodFather malware hijacks banking apps on Android devices

GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.

By Carter Pape

7h ago
Payments

How Walmart, Amazon and other nonbanks chase stablecoins

As banks consider their strategies, other big names are also considering a role for digital assets.

By John Adams

8h ago
Open banking

Fintech group urges court to uphold CFPB's open banking rule

The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.

By Kate Berry

9h ago
Industry News

Financial Services Forum CEO Fromer departing

Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.

By Claire Williams

11h ago