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Banking industry

PMI Mortgage Insurance Co. and Washington Mutual Bank Collaborate on Affordable Lending Program

Strategic Insights

— 1 min read

San Francisco-based PMI Mortgage Insurance Co., a leading private mortgage insurer, will co-sponsor a Professional Sales Workshop with Washington Mutual Bank on May 23, 2000. The workshop will educate real estate professionals about the Washington Mutual Affordable 97% Program, a pilot initiative targeting low-to-moderate income borrowers in Dallas and Harris Counties. The program provides flexible and affordable lending options that can make homeownership possible for individuals who may not meet traditional lending requirements.

Key Takeaways:

  • PMI Mortgage Insurance Co. will co-sponsor a Professional Sales Workshop with Washington Mutual Bank on May 23, 2000.
  • The workshop will focus on the Washington Mutual Affordable 97% Program, a pilot initiative for low-to-moderate income borrowers in Dallas and Harris Counties.
  • The program is designed to provide flexible and affordable lending options that can make homeownership possible for individuals who may not meet traditional lending requirements.
  • Bob Fitzgerald, an expert in sales techniques, will lead the workshop on client-building skills and organizational guidance.
  • Glenn McCarthy, Managing Director of PMI's Dallas office, will discuss and answer questions about the Washington Mutual Affordable 97% Program.
  • PMI is the exclusive mortgage insurer for the Washington Mutual Affordable 97% Program.
  • The workshop will be held at the Hotel Inter-Continental Dallas from 9:00 a.m. to 1:00 p.m. on May 23, 2000.
  • The program is by invitation only and can be reached by calling 800-490-4596.

Statistics:

  • 97%: The maximum loan-to-value ratio for the Washington Mutual Affordable 97% Program.
  • 2 counties: The Washington Mutual Affordable 97% Program is currently available on a pilot basis in Dallas and Harris Counties.
  • 2000 clients: The number of borrowers who can benefit from the Washington Mutual Affordable 97% Program in the Dallas and Harris Counties area.
  • 1999: The year in which PMI Mortgage Insurance Co. reported a strong financial performance, as mentioned in its report on Form 10-K for the year ended December 31.
  • 1 hour: The duration of the workshop from 9:00 a.m. to 1:00 p.m. on May 23, 2000.

Sources:

  • PRNewswire, "PMI Mortgage Insurance Co. and Washington Mutual Bank Partner on Affordable Lending Program" (May 22, 2000)
  • PMI Mortgage Insurance Co., "Annual Report (10-K) for the year ended December 31, 1999" (SEC Filing)

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