USMI STATEMENT ON FEDERAL HOUSING ADMINISTRATION FY 2020 ANNUAL REPORT TO CONGRESS

November 13, 2020

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

Strength of MI Report

October 21, 2020

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

USMI Comment Letter on General QM Definition

September 9, 2020

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

“Low down payments backed by mortgage insurance more important than ever” BY USMI PRESIDENT LINDSEY JOHNSON

August 10, 2020

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, Government and Industry Relations Manager

July 6, 2020

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

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