Newsletter: March 2024

March 8, 2024

With the spring homebuying season just around the corner, USMI has been busy highlighting the important role that private mortgage insurance (MI) plays for homebuyers, lenders, and the entire housing finance system. Among USMI’s efforts are a comment letter the association submitted to regulators on the Basel III Endgame proposal; USMI President Seth Appleton’s testimony before the House Financial Services Committee’s (HFSC) Subcommittee on Housing and Insurance on affordability challenges; a new article on how private MI can help reduce the racial homeownership gap; and a blog post on the enhancements the private MI industry implemented since the Great Financial Crisis, underscoring the strength and resiliency the industry contributes to the housing finance system. Read about these developments and more below.

Comment Letter to Banking Regulators on Basel III Endgame Proposed Rule
USMI Joins Coalitions of Housing Industry Stakeholders and Advocates Urging Reconsideration of Basel III Endgame
USMI Testifies on Housing Affordability: Governmental Barriers and Market-Based Solutions
USMI Blog: How Private MI Serves the Housing Finance System as a Source of Strength and Resiliency
USMI Blog: Black History Month – Promoting More Affordable and Sustainable Homeownership
USMI President Seth Appleton Appointed to Home Builders Institute Board of Trustees
Updates for the Implementation of New GSE Credit Score Requirements
What We’re Reading: National Association of REALTORS® “2024 Snapshot of Race and Home Buying in America”