Seth Appleton, president of U.S. Mortgage Insurers, issued the below statement on proposed mortgage insurance policy changes announced by Director of Federal Housing FHFA Bill Pulte:
Seth Appleton, President of U.S. Mortgage Insurers (USMI), today released the following statement:
More than 800,000 Homebuyers Used Low Down Payment Mortgages Supported by Private MI in 2025; Return of Tax Deductibility of Premiums Provides Benefits Beyond the Closing Table
Over 38,000 Illinois households relied on private mortgage insurance to achieve homeownership with down payments as low as 3% last year
Over 36,000 Ohio households relied on private mortgage insurance to achieve homeownership with down payments as low as 3% last year
Over 64,000 Texan households relied on private mortgage insurance to achieve homeownership with down payments as low as 3% last year
Over 46,000 Floridian households relied on private mortgage insurance to achieve homeownership with down payments as low as 3% last year
Over 41,000 Californian households relied on private mortgage insurance to achieve homeownership with down payments as low as 3% last year
See what other financial institutions and stakeholder groups had to say about private MI in comments to proposed bank capital rules.
On July 24, USMI submitted a comment letter in response to the FHFA NPR on “Enterprise Duty to Serve Underserved Markets.”
As we commemorate America’s 250th birthday this year, it provides us the perfect opportunity to reflect on how homeownership has represented a cornerstone of the American Dream since the very beginning.
Seth Appleton, President of U.S. Mortgage Insurers (USMI), today released the following statement regarding the introduction of H.R. 9460, the “Sustainable Homeownership Act,” by Rep. Scott Fitzgerald (WI-05).
