Essent Guaranty Approved to Provide Mortgage Insurance on Mortgages Sold to the Federal Home Loan Bank of Boston | Business Wire

RADNOR, Pa.–(BUSINESS WIRE)–Essent Guaranty, Inc., a nationwide provider of mortgage insurance (MI),

announced today the Federal Home Loan Bank of Boston (“FHLB Boston”)

approved Essent Guaranty as an eligible mortgage insurer for loans

purchased under its Mortgage Partnership Finance® program, which

provides member institutions a competitive secondary market alternative.

With this approval, Essent Guaranty is now an eligible mortgage

insurance provider to all Federal Home Loan Banks across the nation with

mortgage purchase programs.

“Essent Guaranty is thrilled to receive the FHLB of Boston’s approval to

expand services and help meet the mortgage insurance requirements of all

its participating financial institutions in New England,” said Jeff

Cashmer, Essent’s Chief Business Officer. “We look forward to providing

credit enhancement for loans through the Mortgage Partnership Finance®

program. Essent offers FHLB Boston member institutions the benefits of

working with a strong and fair counterparty and dedicated customer

service to best serve their home financing needs for low down payment

borrowers.”

About Essent

Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company which,

through its wholly-owned subsidiary Essent Guaranty, Inc., offers

private mortgage insurance for single-family mortgage loans in the

United States. Essent provides private capital to mitigate mortgage

credit risk, allowing lenders to make additional mortgage financing

available to prospective homeowners. Headquartered in Radnor,

Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage

insurance in all 50 states and the District of Columbia, and is approved

by Fannie Mae and Freddie Mac. Additional information regarding Essent

may be found at www.essentgroup.com.

About the MPF Program

The MPF Program was created in 1997. To participate in the MPF Program,

a financial institution must be a member of a Federal Home Loan Bank

(FHLBank) that offers the MPF Program. Currently, new loan purchases are

available through the following FHLBanks: Atlanta, Boston, Chicago,

Dallas, Des Moines, New York, Pittsburgh, San Francisco, Seattle, and

Topeka.

The U.S. Congress created the FHLBank System in 1932. The System

comprises 12 FHLBanks across the country. Each FHLBank is cooperatively

owned by member financial institutions and managed by its own Board of

Directors.

“Mortgage Partnership Finance,” “MPF,” and “MPF Xtra” are registered

trademarks of the Federal Home Loan Bank of Chicago. The “MPF Mortgage

Partnership Finance” logo is a trademark of the Federal Home Loan Bank

of Chicago.

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