The August recess is almost here! But before Congress heads out, don’t miss the recent developments in the housing finance and private mortgage insurance (MI) industries.
USMI submitted a letter to the Federal Housing Finance Agency (FHFA) to provide feedback on the agency’s Notice of Proposed Rulemaking (NPR) on “Fair Lending, Fair Housing, and Equitable Housing Finance Plans.”
Nearly 100,000 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Texans 34 years
Over 76,400 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Floridians 45 years
Over 67,000 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Californians 61 years
Over 48,100 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Illinoisans 21 years
Over 40,500 in the state relied on private mortgage insurance to access homeownership, saving for a 20% down payment could take Ohioans 23 years
In 2022, the industry helped over 1 million low down payment borrowers secure mortgage financing. Texas, Florida, California, Illinois, and Ohio ranked as the top states for mortgage financing with private MI.
USMI submitted a letter to DBRS Morningstar in response to its request for comment on the Proposed Mortgage Insurance (MI) Credit Appendix
Summer is here, and so are major updates for the housing finance industry as we celebrate National Homeownership Month!
USMI joined a coalition of industry trade associations and consumer advocate groups in sending a joint trade […]
Seth Appleton, President of U.S. Mortgage Insurers (USMI), released the following statement on the reintroduction of The Middle Class Mortgage Insurance (MI) Premium Act
Policy Priorities
