MGIC Comments on the Recently Adopted PMIERs Updates
MGIC Comments on the Recently Adopted PMIERs Updates
MILWAUKEE, Aug. 21, 2024 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), comments on the updates by the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to the Private Mortgage Insurer Eligibility Requirements (PMIERs) Available Assets Standards.
密尔沃基，2024年8月21日 /美通社/ - 抵押担保保险公司（MGIC），MGIC Investment Corporation（纽交所：MTG）的主要子公司，就政府赞助企业（GSEs）房地美和房地美公司对私人抵押保险人资格要求（PMIERs）可用资产标准的更新发表了评论。
"We are proud of the critical role private mortgage insurance (MI) plays in the housing finance system. PMIERs operational and risk-based capital requirements provide a strong foundation to serve low down payment borrowers while protecting the GSEs and taxpayers from undue mortgage credit risk and private MIs continue to be strong, well-capitalized counterparties," said Tim Mattke, CEO of MTG. "We appreciate the collaboration with the GSEs and support prudent PMIERs changes," added Mr. Mattke.
"我们为私人抵押保险（MI）在住房金融体系中发挥的关键作用感到自豪。 PMIERs的运营和风险资本要求为为低首付款借款人提供了坚实的基础，同时保护GSEs和纳税人免受不当的抵押信贷风险，而私人抵押保险人继续是强大的、资本充足的交易对手，"MTG首席执行官蒂姆·马特克（Tim Mattke）说。 马特克先生补充说："我们感谢与GSEs的合作，并支持审慎的PMIERs变更。"
The latest updates relate to exclusions, concentration limits, and haircuts to investments that qualify as Available Assets and will be implemented over a 24-month phased-in period, with a fully effective date of September 30, 2026. If these changes were effective as of June 30, 2024, without a graduated implementation period, MGIC's Available Assets of $5.8 billion would decrease by approximately 1% or $50 million, and MGIC's PMIERs excess would be $2.3 billion.
最新的更新涉及排除、集中限制和符合可用资产标准的投资减值，并将在24个月的阶段性实施期内实施，在2026年9月30日全面生效。如果这些变化自2024年6月30日起生效，而没有分阶段的实施期，MGIC的可用资产将减少约1%，即5000万美元，MGIC的PMIERs超额将为23亿美元。
About MGIC
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Mortgage Guaranty Insurance Corporation ("MGIC") (), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.
抵押担保保险公司（"MGIC"）（MGIC Investment Corporation的主要子公司，为美国各地的放贷人提供服务，通过使用私人抵押保险，帮助家庭更早地实现拥有住房，从而使负担得起的低首付按揭成为现实。
From time-to-time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website, and it intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at . For information about our underwriting and rates, see .
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SOURCE MGIC Investment Corporation
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