A startup private mortgage insurance company headed by former PMI officials has received approval to write policies in California, a key state in its efforts to become an insurer of Fannie Mae and Freddie Mac loans.

To date, National Mortgage Insurance Corp. has been cleared to issue MI policies in 13 states. The Emeryville, Calif.-based company is seeking approvals in all 50 states and Washington, D.C., so it can serve mortgage bankers nationwide.

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