WASHINGTON— Lindsey Johnson, President of the U.S. Mortgage Insurers (USMI), released the following statement on the Federal Housing Administration’s (FHA) release of its Fiscal Year 2020 Annual Report to Congress on the financial status of the Mutual Mortgage Insurance Fund (MMIF): … Continued
USMI’s report, “Private Mortgage Insurance: Stronger and More Resilient,” highlights the many regulatory and industry-led reforms taken over the last decade to improve and strengthen the role of private mortgage insurance (MI) in the nation’s housing finance system. The report … Continued
September 8, 2020 The Honorable Kathleen KraningerDirectorConsumer Financial Protection Bureau1700 G Street NWWashington, DC 20052 Re: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): General QM Loan Definition, Docket No. CFPB 2020-0020 Dear Director Kraninger: U.S. Mortgage … Continued
Today, the place you call home matters more than ever. Unfortunately, many Americans continue to believe homeownership is out of reach because they think a 20 percent down payment is needed to qualify for a mortgage. A recent report by the … Continued
John “Drew” Petrushka currently serves as Government and Industry Relations Manager of USMI. USMI is the nation’s leading private mortgage insurance association, comprised of five of the six U.S. mortgage insurance companies in the country. Drew previously worked at the … Continued
U.S. Mortgage Insurers (USMI®) is dedicated to a housing finance system, backed by private capital that enables access to housing finance for borrowers while protecting taxpayers. Mortgage insurance (MI) offers an effective way to make mortgage credit available to more people. USMI is ready to help build the future of homeownership.