The reinstated federal tax deduction for mortgage insurance premiums is set to lower borrowing costs and improve affordability for buyers who put less than 20% down, while reinforcing private capital’s role in protecting the housing finance system
U.S. Mortgage Insurers (USMI) is a trade association representing America’s leading private mortgage insurance companies. USMI advocates for public policy priorities including tax deductibility of MI, housing finance reform, and affordability, and plays a central role in promoting and shaping private mortgage insurance in the U.S., which helps lower-down-payment borrowers access conventional mortgages without relying on taxpayer-backed insurance.
USMI says Congress should consider replacing the 2% Capital Ratio requirement with an updated stress-based, loan-level risk-weighted standard
