244: Mortgage Insurance 101 with Lindsey Johnson
Linsdey Johnson currently serves as the President of U.S. Mortgage Insurers (USMI). USMI is the nation's leading private mortgage insurance companies in the country. As president os USMI, Lindsey works with member companies to advance the value of private mortgage insurance (MI) to borrowers and taxpayers and to promote a sustainable housing finance system backed by private capital. Lindsey previously served as a Director on PwC’s public policy team. Prior to joining PwC, Lindsey was a former member of the Senate Banking Committee staff as the Republican Staff Director for the Senate Banking Committee’ s National Security and International Trade and Finance ( NSITF) Subcommittee, and as a Senior Policy Advisor to Senator Mark Kirk ( RI Illinois ), focusing on noteworthy banking, housing finance reform, and insurance legislation. Key Points Private Mortgage Insurance (PMI) - what it is and why it's important to you Low down payment mortgages - the 20% down payment myth Conventional vs. FHA loans How Government Sponsored Enterprises (GSEs), namely Fannie Mae and Freddie Mac, regulatory responsibilities are changing. Resources USMI.org LowDownPaymentFacts.com Mortgage Bankers Association Visit Audible for a free trial and free audiobook download!