The private mortgage-insurance industry said it is pleased that the bipartisan agreement between Senate Banking Committee Chairman Tim Johnson, D-SD, and Ranking Minority Member Michael Crapo, R-ID, on housing finance reform recognizes the important role of private MI. The newly launched U.S. Mortgage Insurers said it supports Congress’ efforts to achieve housing finance reform, all of which recognize the importance of and the need for standard MI coverage on loans sold to Fannie Mae and Freddie Mac. Privately, MIs say...