CMG Mortgage Rolls Out Disaster Relief Modification

CMG Mortgage Insurance Co., a CUNA Mutual partnership, said it has introduced a Disaster Relief Modification Program that will insure new or additional amounts on loans to homeowners to pay for property damage due to the recent spate of hurricanes in the southeast (see story, page 1). The new program will apply to those loans already covered by CMG or loans that may require CMG coverage. The program will be available in all counties declared a federal disaster area. CMG Mortgage is a joint venture between CUNA Mutual and PMI Mortgage Insurance Co.