PMI Rate Pro Blog

January 8, 2024

When the FDIC, OCC, and Federal Reserve proposed the Basel III Endgame, we took notice…and we didn’t like what we saw one bit. So PMI Rate Pro decided to speak up.

December 23, 2023

The 2008 financial crisis reshaped the mortgage market landscape, prompting a collective effort from all mortgage market participants to protect the industry against market downturns. The past fifteen years have witnessed substantial enhancements and updated regulatory requirements, significantly reinforcing the mortgage finance system, as outlined by this Nov. 2023 U.S. Mortgage Insurers White Paper. Private […]

December 15, 2023

The Federal Housing Administration announced on Nov. 28 they were increasing loan limits. FHA Commissioner Julia Gordon said the changes to loan limits will help homebuyers secure a property at a time when “affordability threatens to shut well-qualified borrowers out of the market.” The FHA also provided an update on home pricing trends, reporting that […]

December 7, 2023

In last week’s episode of the LodeStar Lending Leaders podcast, CEO Nomi Smith, sat down with LodeStar CEO Jim Paolino to talk about the origins of PMI Rate Pro and the importance of transparency in the private mortgage insurance industry. Smith shared how her journey as a mortgage loan officer led to the creation of […]

September 22, 2023

The Basel III Endgame – How it should have played out Hopefully you’ve seen our prior installment on the Basel III Endgame.  In it, we raised the following key points: The current Basel implementation recognizes mortgage insurance as being a component of a prudently underwritten loan. The Endgame introduces an unrealistic assumption that mortgage insurance does not […]

September 13, 2023

What is the “Basel III Endgame” and why is PMI Rate Pro writing about it? If you ask the average person on the street what they think about the Basel III Endgame, they’ll probably act embarrassed that they aren’t up on their superhero movies.   While it isn’t a movie, there was undoubtedly a lot […]

August 2, 2023

Congratulations to our CEO Nomi Smith, MBA for being named a 2023 Woman of Influence by HousingWire. Nomi was recognized as a “trailblazer” in the mortgage technology sector for creating PMI Rate Pro’s cutting-edge MI pricing engine that empowers loan officers to offer the best possible deals, winning client trust and saving homeowners money. Her dedication to driving […]

July 24, 2023

Welcome back to the second installment on why you should put down less than 20% when you purchase a home. I know, it sounds crazy, but hear me out. Last time we talked about how expensive homeownership is and why you need to set aside money. You know what else is expensive? Literally EVERYTHING else these days. […]

July 10, 2023

MI Company Financial Measures – Another Tool to Aid Your Risk Allocation via PMI Rate Pro We’ve already covered the topic of Insurer Financial Strength Ratings (IFSR), and how you can use them to inform your risk allocation when using PMI Rate Pro. But here’s the thing about IFSRs: they result from a rating agency’s methodology and can often […]

June 26, 2023

Will borrowers be able to deduct their mortgage insurance when tax time rolls around? It’s complicated… First off, let’s make one thing clear: we’re PMI Rate Pro, not Tax Deductibility Pro. Mortgage insurance is our thing, taxes less so. Still, there’s some history we can share, and we can gaze into our crystal ball and […]