News & Events

Mortgage Insurance Tax Deduction for Low and Moderate Income Homeowners Increases Average Deduction per Return Also Rises in 2013 According to New IRS Data

September 10, 2015

(September 10, 2015) According to new data released by the Internal Revenue Service (IRS), approximately 4.7 million taxpayers benefited from a deduction for private Mortgage Insurance (MI) in 2013, up from 4.1 million in 2012.  Of the taxpayers that took … Continued

CFPB Issues Bulletin Regarding the Cancelability of MI

August 9, 2015

In case you missed it, this week the CFPB issued guidance to mortgage loan servicers confirming the requirements on the cancelability of private mortgage insurance (MI) when the borrower pays down the loan to specified levels. This is one of … Continued

USMI Joins Broad Coalition Opposing Use of G-Fees To Fund Highway Bill

July 23, 2015

(July 23, 2015) This week, USMI joined a broad coalition of nine other housing groups to send a letter to Senate leadership opposing the use of the credit risk guarantee fees (g-fees) charged by the housing finance enterprises, Fannie Mae and Freddie Mac, as a source of funding for the extension of federal transportation programs…

Bipartisan Senators Urge Release of Plan for Transferring Credit Risk to Private Sector

June 10, 2015

(June 10, 2015) A group of Senate Banking Committee members sent a letter today to FHFA urging them to expand and better define the development of the credit risk transfer programs at the GSEs.   The letter and press release … Continued

The Hill: Making Progress to Sustain Homeownership

June 4, 2015

June is National Homeownership Month, an important reminder that homeownership remains a cornerstone of the American dream. It is also a reminder that there is unfinished work left to do to put our housing finance system on a more sustainable footing so that more Americans will have access to prudent and affordable mortgage credit well into the future, and taxpayers are shielded from risks.

© Copyright 2021 U.S. Mortgage Insurers