Mortgage insurers start new association Six U.S. mortgage insurance companies have teamed up to launch a new association, U.S. Mortgage Insurers. The new organization replaces Mortgage Insurance Companies of America, which shut down in early 2014. "USMI will put a renewed focus on the benefits of mortgage insurance (MI) to help ensure access to housing finance for borrowers while protecting taxpayers," said Rohit Gupta, vice chairman of the new association. "As policymakers focus on the need to create a strong, stable housing finance system, USMI companies are strongly positioned to serve the housing finance market and are actively engaged in efforts to ensure that MI… Read More