FHFA updates capital requirements for private mortgage insurers
The Federal Housing Finance Agency (FHFA) on Wednesday updated its capital requirements for private mortgage insurers and allowed rules established during the COVID-19 pandemic to sunset. Companies will have two years to fully implement the changes. The U.S. Mortgage Insurers (USMI) commended the updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs), the financial and