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Volume 2014 - Number 34

September 11, 2014

Trade Groups and Survivor MIs Call for Changes To PMIER Draft Rules, Warn of Adverse Effect

Concern about government-proposed capital rules for private mortgage insurers and their potentially negative effect on MI premiums has prompted loan guarantors and others to call for changes. The Mortgage Bankers Association, National Association of Realtors and several private MI companies have urged the Federal Housing Finance Agency to ease proposed capital requirements for private MIs. As written, the proposed rules could cause MI premiums to spike, making it more difficult for first-time homebuyers to purchase a home and for MIs to maintain market share, they warned. The draft Private Mortgage Insurer Eligibility Requirements (PMIERs) is...

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