News & Events

USMI STATEMENT ON CFPB’s PROPOSED RULES ON THE GENERAL QM LOAN DEFINITION AND EXTENSION OF THE GSE PATCH

June 23, 2020

WASHINGTON — U.S. Mortgage Insurers (USMI) President Lindsey Johnson issued the following statement on the Consumer Financial Protection Bureau’s (CFPB) Notices of Proposed Rulemaking (NPRM) on the general qualified mortgage (QM) definition under the Truth in Lending Act (Regulation Z) and the extension of … Continued

New Report Finds Low Down Payment Mortgage Lending Increased in 2019, Meanwhile Saving for a 20 Percent Down Payment Could Take 21 Years

June 22, 2020

WASHINGTON — U.S. Mortgage Insurers (USMI), the association representing the nation’s leading private mortgage insurance (MI) companies, today released its annual state-by-state report on low down payment mortgage lending. The report finds the number of low down payment loans backed … Continued

USMI STATEMENT ON FHFA’S RE-PROPOSED ENTERPRISE CAPITAL RULE

May 21, 2020

WASHINGTON — Lindsey Johnson, President of U.S. Mortgage Insurers (USMI), today issued the following statement on the Federal Housing Finance Agency’s (FHFA) Re-Proposed Rule on Enterprise Capital: “USMI supports meaningful and appropriate capital requirements for Fannie Mae and Freddie Mac (the GSEs) … Continued

USMI STATEMENT ON BIPARTISAN SENATE CONFIRMATION OF BRIAN MONTGOMERY AS HUD DEPUTY SECRETARY

May 12, 2020

WASHINGTON — Lindsey Johnson, President of U.S. Mortgage Insurers (USMI), today issued the following statement on the confirmation of Brian Montgomery by the United States Senate to serve as Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD): “USMI … Continued

USMI Roundup: Developments in Housing Finance

February 28, 2020

We are ready for March Madness but will take the extra day in February to highlight what has been a very busy start to 2020 for housing policy! CFPB Director on Qualified Mortgage (QM) RuleIndustry and Consumer Groups Call for … Continued

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