Resource Filter: Letters
Letter: Joint Trade Letter to FHFA on Definition of First-Generation Homebuyers
USMI Submits Comment Letter to FHFA on Freddie Mac’s Purchase of Single-Family Closed-End Second Mortgages Proposed Product
Letter: Joint Trade Letter to FHFA on the Release of Historical Credit Score Data
Letter: Supplemental Comment Letter to Banking Regulators on Basel III Endgame Proposed Rule
Press Release: USMI Submits Comment Letter to Banking Regulators on Basel III Endgame Proposed Rule
Letter: Joint Trade Letter to FHFA on Credit Scoring Model Analysis
Letter: Joint Letter to Congress on Avoiding a Government Shutdown
Letter: Mortgage Insurers Submit Supplemental Comment Letter to SEC’s Proposed Rule 192
Letter: Comment to FHFA on the Notice of Proposed Rulemaking (NPR) on “Quality Control Standards for Automated Valuation Models (AVMs)”
USMI submitted a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson to provide feedback on the Notice of Proposed Rulemaking (NPR) on “Quality Control Standards for Automated Valuation Models (AVMs).” As sophisticated long-term managers of single family mortgage credit risk, private MIs support a workable regulatory framework for mortgage market participants’ use of AVMs and policies that appropriately balance improvements and efficiencies in the collateral valuation process with the accurate assessment and pricing of risk. In the letter, USMI highlights the following factors to be considered: (1) principles-based approach to quality control frameworks; (2) application to the GSEs; (3) transparency in AVM data; and (4) nondiscrimination and fair lending. Click here to read the letter.