U.S. Mortgage Insurers Roundup: Developments in Housing Finance
As the August recess approaches, there have been several notable developments in the housing finance industry. Policymakers and industry leaders continue to focus on top priorities including new homeowner protections, the bipartisan infrastructure deal, housing affordability and supply, and down payment assistance (DPA), among others. Further, during the past month,
Bipartisan Infrastructure Deal
USMI's 2021
USMI Member Spotlight: Enact CEO Rohit Gupta Talks About First-Time Homebuyers
USMI Joins Coalition Letter to
USMI's Statement on
Biden Administration Announces New Homeowner Protections
FHFA Dropping Fee Introduced During COVID-19
House Financial Services Committee Holds Hearing with HUD Secretary
What We're Reading: Congressional Proposals to Increase Homeownership
Bipartisan Infrastructure Deal. On
USMI's 2021
USMI Member Spotlight: Enact CEO Rohit Gupta Talks About First-Time Homebuyers. Earlier this month, USMI talked with
USMI Joins Coalition Letter to
USMI Statement on
Biden Administration Announces New Homeowner Protections. Last week, the
Additionally, on Thursday, the
Lastly, late Thursday evening,
FHFA Dropping Fee Introduced During COVID-19. On
House Financial Services Committee Holds Hearing with HUD Secretary
What We're Reading: Congressional Proposals to Increase Homeownership. On
USMI released principles for Access and Affordability in January, in which it suggests that "existing DPA programs-- and any expansions - should balance responsible underwriting that promotes sustainable homeownership and access to affordable low down payment mortgages. DPA programs should be targeted to serve the creditworthy borrowers who are unable to attain even a 3 [percent] or 3.5 [percent] down payment. It is important that DPA programs are structured and operated in a sustainable manner so as to not create excessive leverage and risk within the mortgage finance system, or pose undue risk to taxpayers and the economy, which will ultimately hurt vulnerable homeowners most." Further, USMI encouraged policymakers, including HUD Secretary
Mich. Gov. Whitmer Puts Forward Plan to Use $10 Million in Emergency Relief to Help Residents Recovering From June Flooding
Becoming a More Digital Society is Critical to Risk and Insurance Management Society Success – RIMS CEO Mary Roth
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