How to lower your monthly mortgage payment

September 6, 2017

Owning your own home comes with many advantages, including escaping rising rents and the personal and financial stability associated with homeownership. Fortunately, millions of Americans, with less than 20 percent down, have been able to buy a home sooner thanks to mortgage insurance.

Urban Institute Report Highlights Role Private Mortgage Insurers Have Played to Protect Taxpayers, Expand Access to Homeownership for 60 Years

August 22, 2017

For 60 years, private mortgage insurance (MI) has helped more than 25 million families become successful homeowners. To commemorate this milestone, the Urban Institute examined the industry’s history and the positive role MI has served for homebuyers and the mortgage finance system overall.

USMI Submits Comments to CFPB on the Ability-to-Repay/QM Rule

August 2, 2017

On July 31st, USMI submitted the following response to the request for comment regarding the Consumer Financial Protection Bureau’s notice of assessment of the Ability-to-Repay/Qualified Mortgage rule.

USMI Statement on March 2017 FHFA Credit Risk Transfer Progress Report and RFI

July 28, 2017

Private mortgage insurance is a 60-year old bedrock of the housing system that for decades has helped low down payment borrowers qualify for mortgage financing—more than 25 million borrowers to date—and has provided critical credit risk protection to the government and taxpayers through numerous housing cycles.

USMI Statement on Requests to Reduce FHA Mortgage Insurance Premiums

July 21, 2017

WASHINGTON — This week, 25 members of Congress sent a letter to U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson urging him to reinstate a cut scheduled under the Obama Administration to the Federal Housing Administration (FHA) mortgage insurance premiums (MIP). The following statement can be attributed to Lindsey Johnson, USMI President and Executive Director.

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