Capital Alone Is Not Comprehensive Housing Finance Reform: More Administrative Actions are Required & FHFA’s Re-Proposed Capital Framework Should be Modified

October 27, 2020

Since Fannie Mae and Freddie Mac (the “GSEs”) entered conservatorship in 2008, federal policymakers and industry professionals have debated their future role in the housing finance system, as well as what reforms are appropriate and necessary to put the GSEs … Continued

CFPB Should Increase Safe Harbor Threshold to Mitigate Borrower Impact

August 26, 2020

One of the main drivers of the 2008 financial crisis was lending to borrowers with inadequate ability to repay their mortgage loans. In response, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the Consumer Financial … Continued

Private Mortgage Insurers Transfer Nearly $34 Billion in Risk on Nearly $1.3 Trillion of Insurance-in-Force from 2015-2019

November 4, 2019

USMI releases details on the developments and growth of private mortgage insurance credit risk transfer WASHINGTON — U.S. Mortgage Insurers (USMI) today announced that private mortgage insurance (MI) companies transferred nearly $34 billion in risk on nearly $1.3 trillion of … Continued

USMI Roundup: Developments in Housing Finance

September 21, 2019

Congress is back from recess, Pumpkin Spice lattes are back on the menu, and housing finance reform is back at the top of news headlines in Washington this fall. In September, the Trump Administration released plans to reform the nation’s … Continued

USMI Roundup: New Developments in Housing Finance

August 2, 2019

As the August recess begins, there have been several notable developments in housing finance. Last Thursday, the Consumer Financial Protection Bureau (CFPB) released its Advanced Notice of Proposed Rulemaking on the “Qualified Mortgage (QM) Definition under the Truth in Lending … Continued

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