More Texans used private mortgage insurance to purchase their homes than the residents of any other state according to a new report released today from U.S. Mortgage Insurers.
In the midst of ongoing housing market challenges, a new report from USMI shows that first-time and low down payment borrowers across the country continued to purchase homes with low down payment mortgages backed by private MI.
USMI joined ABA, CHLA, HPC, ICBA, MBA, NMSA, and SFC in sending a letter to request an extension of the public comment period for the CFPB’s proposed amendments to Regulation X.
USMI today announced that Rohit Gupta will serve as the association’s new Chairman of the Board. Mr. Gupta is President, CEO, and Director of Enact and previously served as USMI’s Chairman of the Board from 2014-2016.
USMI published a statement on FHFA’s conditional approval of Freddie Mac’s Purchase of Single-Family Closed-End Second Mortgages.
USMI joined ACH, CHLA, HPC, and ICBA in sending a letter to the FHFA to share observations and recommendations related to the GSEs definition and policies regarding First-Generation Homebuyers.
We have all seen the headlines. After years of homebuyers growing accustomed to a 30-year mortgage rate as low as 3%, 2023 saw fluctuations between 6% and 8%, with higher rates persisting into 2024.
USMI submitted a comment letter in response to a notice of proposed new product issued by the FHFA on the proposed “Freddie Mac Single-Family Closed-End Second Mortgages” product.
An Inside Mortgage Finance article from May 16 titled, “USMI Seeks Improved Treatment for Private MI,” highlighted USMI’s recent supplemental comment letter on the Basel III Endgame proposed rule.
USMI joined ABA, HPC, ICBA, and MBA in sending a letter to FHFA Director Sandra Thompson regarding the publication of the VantageScore 4.0 historical dataset planned for early in 3Q 2024.
USMI submitted a supplemental comment letter to the Federal Reserve, FDIC, OCC (collectively the Agencies) in response to the Basel III Endgame Proposed Rule (Proposed Rule).
Women are a driving force in the housing market – despite still facing a gender wage gap, single women own 2.71 million more homes than single men (10.95 million versus 8.24 million)
Policy Priorities
