Newsletter: July 2023
The August recess is almost here! But before Congress heads out, don’t miss the recent developments in the housing finance and private mortgage insurance (MI) industries. Recently, U.S. Mortgage Insurers (USMI) released its annual MI In Your State report, which found that the industry has helped more than 38 million low down payment borrowers over its 66-year history. Additionally, USMI submitted a comment letter to the Federal Housing Finance Agency (FHFA) on its proposed rule for “Fair Lending, Fair Housing, and Equitable Housing Finance Plans,” while the Bureau of Labor Statistics released June’s Consumer Price Index (CPI) showing that the year-over-year inflation rate dropped to 3%, which could have positive effects for mortgage rates and the housing industry. Read about these topics and more below.