Announcements & Statements

USMI Responds to FHFA Announcement on Expanding 97 LTV Loans

December 8, 2014

“USMI members welcome the announcement from the Federal Housing Finance Agency (FHFA) to expand access to 3% low down payment mortgages”

Statement on Status of PMIERs

December 3, 2014

“On July 10, 2014, the FHFA published a Request for Input soliciting feedback on a draft of revised private mortgage insurer eligibility requirements (“PMIERs”).

STATEMENT ON STATUS AND SOLVENCY OF THE FHA INSURANCE FUND

November 17, 2014

“Today, FHA released updated information on the status of the FHA insurance fund. While progress was made in restoring the financial health of the fund, it fell short of its 2% capital ratio mandate.”

USMI releases backgrounder on the value of responsibly underwritten 97 LTV loans

November 10, 2014

On October 20, Federal Housing Finance Administration (FHFA) Director Watt announced that FHFA and the GSEs were working on guidelines to expand access to 3% low down payment mortgages.

USMI STATEMENT ON APPROVAL OF FINAL QRM AND QM REGULATIONS

October 21, 2014

“USMI welcomes the announcement today by FHFA Director Watt that FHFA and the GSEs are working on sensible and responsible guidelines for expanding access to 97% loan-to-value (LTV) low down payment mortgages.”

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