RECAP: USMI Testifies on the Roles of Private MI and FHA
The recent decision by the Federal Housing Administration (FHA) to lower annual mortgage insurance premiums has renewed the debate about the complementary roles of private Mortgage Insurance (MI) and the FHA government mortgage insurance program.
Below are links to background materials on this topic and excerpts from a related hearing before the House Financial Services Committee Housing and Insurance Subcommittee, which included testimony by Rohit Gupta, President and CEO of Genworth Mortgage Insurance and Chair of U.S. Mortgage Insurers (USMI) and other housing finance experts.
- USMI op-ed published in The Hill: FHA and the need to strike the right balance for taxpayers
- USMI on the Record: Excerpts of Rohit Gupta’s Testimony on the Complementary Roles of MI and FHA
- What Others Are Saying about MI and FHA: Excerpts from Panelists at the House Financial Services Subcommittee Hearing