Contact: MICA (202) 393 5566
Email: pat@micadc.org
MICA Officers Named: Culver Elected Association President
Washington, D.C. July 2, 2001 - Curt S. Culver, president and chief executive officer of MGIC Investment Corporation and its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), has been tapped to lead the Mortgage Insurance Companies of America (MICA).Culver succeeds Frank P. Filipps, chairman and chief executive officer Radian Guaranty Inc.
"I welcome the opportunity to serve as MICA's president," said Culver. "Not only does the PrivateMI industry make it possible for families to buy their first home sooner and for less money down, we are also very much involved in helping borrowers if they happen to hit a rough patch in their financial life. Over the years we have helped thousands of homeowners avoid foreclosure and protect their credit rating."
Culver's career spans more than 25 years in the mortgage insurance business. He is a graduate of the University of Wisconsin-Madison, earning both a B.B.A. and M.S. with honors in Real Estate Finance and Urban Land Economics.
Serving alongside Culver as MICA officers will be W. Roger Haughton, chairman and chief executive officer of PMI Mortgage Insurance Co., who has been named to be the association's Vice President and William V. Nutt, Jr., president and chief executive officer of United Guaranty Corporation, who will serve as MICA's Secretary/Treasurer.
Haughton is an industry veteran of 32 years and is a graduate of the University of California at Santa Barbara.
Nutt's career has spanned 23 years and he is a graduate of the University of North Carolina at Chapel Hill and its Executive Program at the Kenan-Flagler School of Business.
MICA is the trade association representing the private mortgage insurance industry. Its members help loan originators and investors make funds available to home buyers with as little as 3-to-5 percent down - and even less for qualified borrowers - by protecting these institutions from a major portion of the financial risk of default.