U.S. Mortgage Insurers (USMI) today announced a new set of housing finance reform principles to help evaluate and shape reform efforts aimed at ensuring that American consumers have access to mortgage credit while better shielding taxpayers from housing-related risks.
Private mortgage insurance (MI) helped approximately 740,000 homeowners in 2015, a more than 18 percent increase over 2014, U.S. Mortgage Insurers (USMI) today announced in conjunction with National Homeownership Month. This growth mirrors the positive national trend showing total mortgage borrowing reaching a four-year high.
Private mortgage insurance companies, although few in number, play an important role in the housing finance system […]
USMI submitted comments on the Federal Housing Finance Agency’s (FHFA’s) proposal for how the government sponsored housing enterprises Fannie Mae and Freddie Mac should serve underserved markets. USMI supports both principles of facilitating the financing of affordable housing for low-to-moderate income families consistent with the Enterprises’ overall public purposes while maintaining a strong financial condition and reasonable economic return.
U.S. Mortgage Insurers (USMI) announced today that Brendan Kihn has joined the organization as Government Relations Manager. “Brendan is a terrific addition to the USMI team,” said USMI President and Executive Director Lindsey Johnson. “He brings a strong background in housing finance policy to the organization at a time of intense focus on housing policy, at the congressional and regulatory as well as state level. His insights and analysis will strengthen our advocacy and impact at this important time.”
(March 15, 2016) In letters to House and Senate Budget Committee leadership, USMI joined a broad group of more than a dozen housing organizations urging Congress to use GSE G-fees for their intended purpose, to support homeownership stability.
(March 3, 2016) Today, the Federal Housing Finance Agency (FHFA) released its 2015 Scorecard Progress Report for activities undertaken at the government housing enterprises, Fannie Mae, and Freddie Mac. USMI welcomes the focus of FHFA on credit risk transfer (CRT) over the last three years, but urges FHFA and the Government Sponsored Enterprises (GSEs) to further advance efforts to reduce taxpayer risk through greater up-front risk sharing with the private sector, including private mortgage insurers (MIs).
(February 17, 2016) U.S. Mortgage Insurers (USMI) today announced its 2016 public policy priorities, aimed at helping ensure broader access to sustainable homeownership while reducing taxpayer risk.
(February 16, 2016) Last week saw more activity demonstrating the value of private Mortgage Insurance as a reliable way to enhance access to mortgage credit for consumers and protect taxpayers against housing losses, particularly through greater front end risk sharing by the GSEs
Today, USMI released new polling results showing strong national support for reducing GSE and taxpayer risk through increased reliance on private capital. The data comes in advance of tonight’s Urban Institute /Core Logic Forum on risk sharing, “Credit Risk Transfer: Making a Successful Program Even Better.”
(February 3, 2016) Policymakers are considering proposals to de-risk the Government Sponsored Enterprises (GSEs) through greater reliance on private capital, such as expanded up-front risk sharing using private Mortgage Insurance (MI).
(January 14, 2016) U.S. Mortgage Insurers (USMI) today announced that Patrick Sinks, Chief Executive Officer of MGIC, will serve as the organization’s Vice Chair. This new role reflects the growing presence in Washington of the MI industry since the organization’s formation in March, 2014, and builds on the appointment in September, 2015 of Lindsey Johnson as USMI’s President and Executive Director.
Policy Priorities
