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Home » Store » Legislation » Private Mortgage Insurers Raise Concerns About Differences in QM Standards for GSEs and FHA

Private Mortgage Insurers Raise Concerns About Differences in QM Standards for GSEs and FHA

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Legislation

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The U.S. Mortgage Insurers trade group is seeking to eliminate differences in standards for qualified mortgages. USMI detailed its policy priorities for 2017 late last week. While the priorities largely rehash previous points of emphasis that could increase business for private mortgage insurance companies, USMI said it has particular concerns about how some QM standards vary on mortgages delivered to the government-sponsored enterprises compared with FHA mortgages. As required by the Dodd-Frank Act, the Consumer Financial Protection Bureau established...
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