USMI welcomes the inclusion of a provision to reinstate and make permanent the deductibility of MI premiums in the One Big Beautiful Bill Act that has now passed the House and Senate and is expected to soon be signed into law by President Trump.
June is National Homeownership Month and an opportunity to reflect on the importance of owning a home to American families. Homeownership is central to the American Dream and an aspiration – and inspiration – for millions of families.
Seth Appleton, USMI president, released the following statement following the inclusion of language in the Senate reconciliation bill by Chairman Crapo and Senator Tillis that would reinstate and make permanent the deductibility of MI premiums.
U.S. Mortgage Insurers, the association representing the nation’s leading private mortgage insurance (MI) companies, released its annual volume data for last year that show the industry helped more than 800,000 borrowers secure mortgage financing in 2024.
Seth Appleton, President of USMI, released the following statement following the bipartisan introduction of the Middle Class Mortgage Insurance Premium Act (H.R. 2760) by Representatives Vern Buchanan and Jimmy Panetta.
With tax season upon us, USMI is hard at work continuing to push for the mortgage insurance (MI) tax deduction to be reinstated, made permanent, and expanded.
As we start 2025 with a new administration, a new Congress, and new state legislative sessions across the country, housing affordability is poised to be a major topic of discussion.
On March 19, USMI joined the ABA, HPC, ICBA, MBA, and SFA in sending a letter to FHFA Director Bill Pulte to provide collective recommendations on FHFA’s Credit Score Models and Reports Initiative.
Seth Appleton, President of U.S. Mortgage Insurers (USMI), released the following statement on today’s Senate confirmation of Bill Pulte as Federal Housing Finance Agency (FHFA) Director by a bipartisan vote of 56 to 43:
As Black History Month comes to a close, USMI recognizes the importance of homeownership and highlights key insights from our recent survey about data and trends influencing Black homeownership in America today.
USMI President Seth Appleton authored an opinion piece in the Springfield News-Leader on the greatest challenges that future homebuyers face in his home state using data from USMI’s 2024 National Homeownership Survey.
USMI President Seth Appleton authored an opinion article in the American Banker on a short-sighted and risky idea to prematurely canceling PMI using AVMs.
Policy Priorities
