Statement on Federal Housing Finance Agency’s announcements to further adjust the government-sponsored enterprises’ (GSEs or Enterprises), Fannie Mae and Freddie Mac, upfront fees for certain loan purposes and risk attributes.
USMI issued the following statement on the Federal Housing Administration’s (FHA) release of its Fiscal Year 2022 Annual Report to Congress on the financial status of the Mutual Mortgage Insurance Fund (MMIF).
Use of credit risk transfer and enhanced capital requirements transformed the industry from a cyclical business to a more stable, long-term manager of mortgage credit risk.
Since 2015, the private mortgage insurance (MI) industry has used MI Credit Risk Transfer (MI-CRT) to reduce volatility in the business and bring more sources of private capital to the housing finance market.
WASHINGTON—Lindsey Johnson, President of U.S. Mortgage Insurers (USMI), released the following statement on the announcement by U.S. […]
WASHINGTON — Lindsey Johnson, President of U.S. Mortgage Insurers (USMI), today published the following blog on USMI.org in response […]
U.S. Mortgage Insurers (USMI) Chairman and Mortgage Guaranty Insurance Corporation (MGIC) CEO Patrick Sinks today testified on behalf of USMI in front of the House Financial Services Committee’s Subcommittee on Housing and Insurance in a hearing entitled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform, Part IV.”
On October 13, the comment period closed for the Federal Housing Finance Agency (FHFA)’s Single-Family Credit Risk Transfer (CRT) Request for Input (RFI).
Eight years after taxpayers provided them with $187 billion, Fannie Mae and Freddie Mac, two of the largest backers of mortgages, remain under government control. While these government-sponsored enterprises (GSEs) are healthier today thanks to new safeguards that have improved the stability of the mortgage finance system, the goal is to put the GSEs on a stable footing for the long term.
U.S. Mortgage Insurers (USMI) today announced a new set of housing finance reform principles to help evaluate and shape reform efforts aimed at ensuring that American consumers have access to mortgage credit while better shielding taxpayers from housing-related risks.
(February 16, 2016) Last week saw more activity demonstrating the value of private Mortgage Insurance as a reliable way to enhance access to mortgage credit for consumers and protect taxpayers against housing losses, particularly through greater front end risk sharing by the GSEs
(December 4, 2015) “Yesterday’s bipartisan letter from Representatives Gwen Moore (D-WI) and Steve Stivers (R-OH) to Federal Housing Finance Agency (FHFA) Director Watt is further evidence of the growing bipartisan support for de-risking the Government Sponsored Enterprises (GSEs) with additional risk sharing transactions to reduce taxpayer exposure to losses from another housing downturn. USMI commends Representatives Moore and Stivers for urging FHFA to take additional steps to incorporate front end risk sharing, including with MI.
Policy Priorities
