Announcements & Statements

USMI STATEMENT ON BIPARTISAN SENATE CONFIRMATION OF DANA WADE AS FHA COMMISSIONER

July 29, 2020

WASHINGTON — Lindsey Johnson, President of the U.S. Mortgage Insurers (USMI), today issued the following statement on the U.S. Senate’s bipartisan confirmation of Dana Wade to serve as Federal Housing Administration (FHA) Commissioner: “USMI applauds the Senate for its bipartisan vote to … Continued

USMI Names Radian’s President Of Mortgage Derek Brummer as Chairman

July 1, 2020

WASHINGTON — U.S. Mortgage Insurers (USMI) today announced that Derek Brummer will serve as the association’s new Chairman of the Board. Brummer is the President of Mortgage at Radian Group Inc. (NYSE: RDN). He succeeds Bradley Shuster, Executive Chairman of … Continued

USMI STATEMENT ON UPDATES TO PRIVATE MORTGAGE INSURER ELIGIBILITY REQUIREMENTS (PMIERs)

June 30, 2020

WASHINGTON—U.S. Mortgage Insurers (USMI) President Lindsey Johnson today issued the following statement on guidance provided by the Federal Housing Finance Agency (FHFA) and the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to the Private Mortgage Insurer Eligibility Requirements … Continued

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

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