As an industry designed to enable access to homeownership, especially for first-time, low- and moderate-income (LMI), and minority homebuyers, during Black History Month we want to dive into the data, trends, and policies associated with Black homeownership in America.
An IMF article from December 7 titled, “USMI Leader Calls for Coordination on Housing Policy,” focused on USMI President Seth Appleton’s testimony at a House Financial Services Committee hearing on housing affordability.
Seth Appleton, President of U.S. Mortgage Insurers (USMI), testified on December 6, 2023, before the U.S. House of Representatives Committee on Financial Services, Subcommittee on Housing and Insurance.
USMI today released a new report detailing the important enhancements, undertaken over the past 15 years, that have heightened the ability of private MI to better support the housing finance system and serve as a source of strength in the system through all market cycles.
A WPDE ABC15 News article and broadcast piece by Michael Owen featuring USMI President Seth Appleton reports on financing options for those seeking to access homeownership in South Carolina, amidst a high rate mortgage market.
USMI President Seth Appleton authored an opinion article in the Dallas Morning News on the competitive housing market in Dallas, Texas and the role private mortgage insurance (MI) plays for first-time homeowners saving for down payments.
USMI President Seth Appleton issued the following statement on the Federal Housing Finance Agency’s (FHFA) announcement of the next phase of the public engagement process for the updated credit score requirements for loans acquired by Fannie Mae and Freddie Mac.
USMI submitted a letter to the Federal Housing Finance Agency (FHFA) to provide feedback on the agency’s Notice of Proposed Rulemaking (NPR) on “Fair Lending, Fair Housing, and Equitable Housing Finance Plans.”
Nearly 100,000 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Texans 34 years
Over 76,400 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Floridians 45 years
Over 67,000 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Californians 61 years
Over 48,100 in the state relied on private mortgage insurance to achieve homeownership, saving for a 20% down payment could take Illinoisans 21 years
Policy Priorities
