Commenters Call on FHFA To Change PMIER Draft Rules
September 19, 2014
The Federal Housing Finance Agency’s proposed capital requirements for private mortgage insurers would raise costs for borrowers but there is a need for new standards, according to industry group comments. 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.
It will be the 11th issuance of its type by loanDepot.
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