On December 1st, 2025, USMI submitted a comment letter on the U.S. Securities and Exchange's (SEC) "Concept Release on Residential Mortgage-Backed Securities (RMBS) Disclosures and Enhancements to Asset-Backed Securities Registration" (Concept Release). USMI supports prudent revisions to Reg AB II to help reinvigorate the public RMBS market alongside the private one as a means to enhance housing affordability, reduce mortgage costs, and improve access to the American Dream of homeownership for families nationwide. USMI and its member companies welcome the SEC's request for comments on the Concept Release and appreciate the opportunity to engage with the SEC on housing-related policies that promote access to affordable and sustainable homeownership, especially for borrowers without large cash down payments. Click here to read the full letter.