New Vista Asset Management launches minority homeownership initiative

MGIC to accept alternative credit reportsMortgagePress.comAlternative credit reporting Pay Rent Build Credit (PRBC) Reports, which are available through Credit Plus Inc., will now be accepted by Mortgage Guaranty Insurance Corporation, to automate approval and pricing decisions. "We're excited to be partnered with PRBC, to provide mortgage professionals with alternative credit reports and applaud PRBC's efforts in obtaining acceptance from major industry players," said Allen Johnson, vice president of sales and marketing at Credit Plus. "With the current state of today's industry, it's more important than ever to ensure that borrowers properly qualify for a mortgage with an interest rate they deserve. PRBC Reports are designed to help individuals who pay their bills, but have too few or no traditional lines of credit to meet the requirements for a loan." Milwaukee-based Mortgage Guaranty Insurance Corporation is a private mortgage insurance provider. For more information, call (800) 424-6442 or visit www.mgic.com. Salisbury, Md.-based Credit Plus Inc. is a provider of mortgage information solutions. For more information, call (800) 258-3488 or visit www.creditplus.com.