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Balancing Important Protections Provided by Improved Underwriting Standards with Reasonable Consumer Access to Credit

March 15, 2017

Since the 2008 financial crisis, certain safeguards were put in place that resulted in more stringent underwriting standards for lenders and borrowers. As a mortgage insurer, lenders are my customers.

The Lowdown on Low Down Payment Mortgages

March 15, 2017

You would like to buy, but you can’t manage that 20 percent down payment. Does this sound familiar?

HUD’s Suspension of FHA MIP Rate Cut: What It Really Means

January 25, 2017

On Friday, January 20, 2017, the new Administration’s U.S. Department of Housing and Urban Development (HUD) suspended a January 9 announcement by the outgoing Obama Administration’s HUD and its Federal Housing Administration (FHA) regarding a planned reduction in FHA mortgage insurance premiums (MIP) for borrowers.

USMI Statement on FHA Mortgage Insurance Premium Reduction

January 9, 2017

The Federal Housing Administration (FHA) announced today it will reduce its mortgage insurance premiums (MIPs) by 25 basis points.

An affordable way to qualify for a home loan without that big down payment

December 12, 2016

Families with down payments as low as 3 or 5 percent have been able to purchase a home thanks to private mortgage insurance (MI) for 60 years. Since 1957, MI has helped 25 million families become homeowners. In the past year alone, MI helped more than 795,000 homeowners purchase or refinance a mortgage. Nearly half were first time homebuyers and more than 40 percent had incomes below $75,000.

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