WASHINGTON — Lindsey Johnson, President of U.S. Mortgage Insurers (USMI), today released the following statement on the organization’s comment letter submitted in response to the Consumer Financial Protection Bureau’s (“the Bureau”) Advance Notice of Proposed Rulemaking on the “Qualified Mortgage … Continued
July 29, 2019 Luisa De Gaetano Polverosi Associate Managing Director Moody’s Investor Service 7 World Trade Center 250 Greenwich Street New York, NY 10007 Dear Ms. De Gaetano Polverosi: U.S. Mortgage Insurers (USMI) welcomes the opportunity to provide comments on … Continued
A Comment Letter from U.S. Mortgage Insurers Alfred M. Pollard General Counsel Federal Housing Finance Agency Eighth Floor 400 Seventh Street, SW Washington, D.C. 20219 RE: Comments/RIN 2590-AA95 Dear Mr. Pollard: This letter is submitted by U.S. Mortgage Insurers (USMI), … Continued
U.S. Mortgage Insurers (USMI) submitted comments to the Federal Housing Finance Agency (FHFA) today regarding its Single-Family Credit Risk Transfer (CRT) Request for Input (RFI) and steps to further shield the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as American taxpayers, from losses from mortgage-related risks. In its comments, USMI highlights the distinct advantages of front-end CRT done through expanded use of mortgage insurance (MI) that can address existing shortcomings in the GSEs’ credit risk transfer transactions and that can offer substantial benefits for taxpayers, lenders of all sizes, and borrowers.
USMI delivered the following letter to members of the Senate Banking Committee:
