CONTACT:
Marisa Rawling
Marketing Communications Manager
CMG Mortgage Insurance Company
22 Fourth Street, Floor 13
San Francisco, CA  94103
Phone:  (415) 284.2519
Fax:  (800) 490.6757
marisa.rawling@cmgmi.com – www.cmgmi.com
 
 
CMG Mortgage Insurance Co. Appoints Alan Bahr Director of Secondary Markets
 
SAN FRANCISCO – Oct. 4, 2007 -- CMG Mortgage Insurance Company (CMG MI) has named Alan Bahr Director of Secondary Markets and National Accounts. In this role, Bahr will manage CMG MI’s strategic relationships with investors, servicers and conduits, and facilitate the increasing use of secondary market sales by credit union customers.

“Alan Bahr comes to CMG MI with many years of executive-level experience in the areas of capital markets, consulting, financial product management and structured transactions,” said Brian Shepherd, senior vice president and general manager of CMG MI. “He’s a well-respected financial professional whose expertise and experience will drive our secondary market strategy. As our Director of Secondary Market and National Accounts, Alan will be instrumental in furthering CMG MI’s presence in the secondary market and establishing us as an expert resource to credit unions.”

Bahr joins CMG MI with more than 15 years of experience in finance, having previously served in executive positions at Salomon Brothers, Lehman Brothers, Drexel Burnham Lambert™ and other high-profile investment firms, in both the United States and in Japan. Most recently he worked for Fair Isaac, where he consulted to financial institutions on the use of advanced analytics.

Bahr holds an MBA from Brigham Young University, as well as a B.A. in Economics.

“CMG MI recognizes that the secondary market is key to credit union mortgage growth and member-for-life services,” Bahr said. “By participating in the secondary market, credit unions can grow their real estate lending operations and also retain more members in an increasingly competitive environment. In my new role, I can offer credit unions the support they need to develop a strategic approach that reaps real benefits for them and their members.”
 
ABOUT CMG MI
Licensed in all states, CMG Mortgage Insurance Company (CMG MI) operates as a joint venture between CUNA Mutual Investment Corporation and PMI Mortgage Insurance Co. The company provides private mortgage guaranty insurance to protect credit unions against potential losses in the event of borrower default. By covering default risk on residential first mortgage loans, CMG MI facilitates the sale of low-down-payment mortgages in the secondary mortgage market and expands homeownership opportunities by enabling credit union members to buy a home with a down payment of less than 20 percent. For more information, visit www.cmgmi.com or call (800) 909.4264.