October 14, 2014
Yesterday, USMI submitted comments on the request for input from the Federal Housing Finance Agency (“FHFA”) regarding the proposed structure for a single security to be issued and guaranteed by Fannie Mae and Freddie Mac (the “GSEs”). USMI supports FHFA’s goal of maintaining a highly liquid secondary market while developing a single security, and believes that private MI will help to achieve that objective. Private MI works seamlessly with the to-be-announced (“TBA”) market today and enhances market liquidity by serving as a source of private capital. Preserving the current role of MI and expanding the use of MI as part of any transition will maximize taxpayer protection and enable an efficient and liquid market that benefits lenders, investors, taxpayers and borrowers. USMI looks forward to working with FHFA as work on this initiative progresses.
September 15, 2014
USMI today submitted its response to the Federal Housing Finance Agency (FHFA) request for input regarding its strategic plan for fiscal years 2015 through 2019. USMI believes that FHFA’s Plan should further take into account mortgage insurance’s (“MI”) role as a reliable source of credit enhancement that can help advance and support the strategic goals of the Plan to ensure liquidity, stability, and access in housing, benefitting taxpayers, borrowers, and lenders.
August 14, 2014
USMI today submitted its response to the Federal Housing Finance Agency (FHFA) request for input (RFI) regarding the guarantee fees (g-fees) that Freddie Mac and Fannie Mae charge to lenders.
May 16, 2014
The following letter was delivered to the Federal Housing Finance Agency:
March 20, 2014
The undersigned organizations appreciate the opportunity to comment on the Federal Housing Finance Agency (FHFA) proposal to reduce the loan purchase limits for Fannie Mae and Freddie Mac (“the Enterprises”).