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Tag Archives: USMI

Why All Guarantors Must Serve a National Market

Housing

Experts testifying before the Senate Banking Committee during a hearing on Sen. Mike Crapo’s housing reform outline agreed on creating a clear role for private capital and government guarantees in housing finance. Here's why.

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The Fate of Fannie and Freddie

Government and housing industry leaders addressed the potential impact of a Housing Finance Reform Bill that was introduced in September. Here's what they had to say to the House Financial Services Committee.

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USMI Urges Lawmakers to Extend Tax Credit

With the tax deduction for mortgage insurance premiums paid on qualified residential interest about to expire on December 31, 2016, U.S. Mortgage Insurance President Lindsey Johnson asked lawmakers to consider an extension.

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USMI President Testifies Before Congress, Stresses Need for Balance

President and CEO of Genworth Mortgage Insurance and Chair of U.S. Mortgage Insurers Rohit Gupta testified on behalf of the Mortgage Insurance Industry (MI) at the House Financial Services Committee Housing and Insurance Subcommittee today stressing the need for balance between the roles of the Federal Housing Administration and MI when to comes to taxpayers.

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Groups Offer Guidance on Proposed G-Fee Hike

As the Federal Housing Finance Agency (FHFA) mulls over a proposed increase in guarantee fees, a new report from the Urban Institute (UI) suggests the agency faces a more difficult task than one might assume. In a commentary released Thursday, UI authors Laurie Goodman, Ellie Seidman, Jim Parrott, and Jun Zhu say that, based on their modeling, g-fee determination "is an art, not a science—and more like a Jackson Pollock than a da Vinci."

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Private Mortgage Insurers Launch New Trade Group

Six of the nation’s leading active mortgage insurance (MI) companies announced Monday the formation of a new trade association: U.S. Mortgage Insurers (USMI). Founded by member companies Arch MI, Essent, Genworth MI, MGIC, National MI, and Radian Guaranty, the new organization replaces Mortgage Insurance Companies of America (MICA), which wound up operations earlier this year.

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