U.S. Mortgage Insurers submitted a comment letter in response to a NPR issued by the Federal Reserve, FDIC, and the OCC on the Basel III Endgame proposed rule.
Seth Appleton, USMI President, issued the following statement on the Securities and Exchange Commission’s (SEC) finalized Securities Act Rule 192.
Seth Appleton, President of U.S. Mortgage Insurers (USMI), issued the following statement on the FHA’s release of its Fiscal Year 2023 Annual Report to Congress on the financial status of the MMIF
USMI President Seth Appleton issued the following statement on the Federal Housing Finance Agency’s (FHFA) announcement of the next phase of the public engagement process for the updated credit score requirements for loans acquired by Fannie Mae and Freddie Mac.
U.S. Mortgage Insurers (USMI) submitted a comment letter in response to the FHFA’s RFI on Fannie Mae and Freddie Mac’s Single-Family Mortgage Pricing Framework.
Nearly 100,000 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Texans 34 years
Over 76,400 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Floridians 45 years
Over 67,000 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Californians 61 years
Over 48,100 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Illinoisans 21 years
Over 40,500 in the state relied on private mortgage insurance to access homeownership, saving for a 20% down payment could take Ohioans 23 years
In 2022, the industry helped over 1 million low down payment borrowers secure mortgage financing. Texas, Florida, California, Illinois, and Ohio ranked as the top states for mortgage financing with private MI.
Seth Appleton, President of U.S. Mortgage Insurers (USMI), released the following statement on the reintroduction of The Middle Class Mortgage Insurance (MI) Premium Act