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Stock impact report

Enact Provides Update on Capital Position Under New PMIERs Available Asset Guidelines [Yahoo! Finance]

Enact Holdings, Inc. (ACT) 
US:NYSE Investor Relations: advisorshares.com/fund/act
Company Research Source: Yahoo! Finance
its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026. “The changes to the PMIERs requirements, which were developed in collaboration with the GSEs and FHFA, will further strengthen the risk-based capital framework for the private mortgage insurance industry. Enact remains well positioned for continued prudent capital sufficiency in excess of these requirements while continuing to execute on our capital allocation strategy,” said Rohit Gupta, President and CEO of Enact. “Going forward, we remain committed to playing our important role of helping individuals responsibly achieve the dream of homeownership.” As of June 30, 2024, Enact had approximately 169% of the required assets under the current PMIERs framework, representing appro Show less Read more
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