CMG Mortgage Insurance Co. said that a recent action by Arizona’s Department of Insurance placing PMI Mortgage Insurance Co. under supervision will not impact the firm’s new business originations or servicing of existing policies. 

The PMI Group Inc. said under the order, PMI Mortgage Insurance and PMI Insurance Co. were required to cease issuing new mortgage insurance commitments effective as of close of business Aug. 19 unless otherwise approved by the director of the Arizona Department of Insurance or the supervisor.  

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