The Private Mortgage Insurance industry originated in the 1950's with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC). They were referred to as "magic" as these early PMI methods were deemed to "magically" assist in getting lender approval on otherwise unacceptable loan packages. Today there are 8 PMI underwriting companies in the United States.
The MABA PAC is one of the most influential Latino organizations in California and is comprised of members that are attorneys, civic leaders and business people from diverse ethnic backgrounds.
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