MGIC Comments on the Recently Adopted PMIERs Updates
"We are proud of the critical role private mortgage insurance (MI) plays in the housing finance system. PMIERs operational and risk-based capital requirements provide a strong foundation to serve low down payment borrowers while protecting the GSEs and taxpayers from undue mortgage credit risk and private MIs continue to be strong, well-capitalized counterparties," said
The latest updates relate to exclusions, concentration limits, and haircuts to investments that qualify as Available Assets and will be implemented over a 24-month phased-in period, with a fully effective date of
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SOURCE
Dianna Higgins, dianna_higgins@mgic.com