USMI President Seth Appleton issued the following statement on the Federal Housing Finance Agency’s (FHFA) announcement of the next phase of the public engagement process for the updated credit score requirements for loans acquired by Fannie Mae and Freddie Mac.
USMI submitted a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson to provide feedback on the Notice of Proposed Rulemaking (NPR) on “Quality Control Standards for Automated Valuation Models (AVMs).”
U.S. Mortgage Insurers (USMI) submitted a comment letter in response to the FHFA’s RFI on Fannie Mae and Freddie Mac’s Single-Family Mortgage Pricing Framework.
U.S. Mortgage Insurers (USMI) submitted a comment letter in response to the FHFA’s RFI on Fannie Mae and Freddie Mac’s Single-Family Mortgage Pricing Framework.
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.
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