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WASHINGTON - The trade group for mortgage insurers spent more than $1.1 million lobbying in the first quarter on issues dealing with the housing market slump, according to a recent disclosure form.
| FNM | 0.82 |  -0.02 |
| FRE | 0.77 | -0.14 |
| AIG | 1.87 |  0.22 |
| TGIC | 0.36 | -0.04 |
| PMI | 1.44 | 0.14 |
| GNW | 1.34 | 0.19 |
| ORI | 9.11 | 0.72 |
| MTG | 2.37 | 0.34 |
The Mortgage Insurance Companies of America lobbied on a bill to mandate tougher oversight of government-sponsored mortgage finance companies Fannie Mae and Freddie Mac, as well as efforts to prevent foreclosures and modify home loans.
President Bush last month signed sweeping housing legislation that strengthens regulation of Fannie and Freddie. The bill, which had the mortgage industry's support, also aims to prevent foreclosures by allowing homeowners to swap their mortgages for more affordable loans, but only if their lender agrees to take a loss on the initial loan.
Members of the mortgage insurance group include: American International Group Inc.'s AIG United Guaranty, Triad Guaranty Inc., PMI Group Inc., MGIC Investment Corp., Genworth Financial Inc. and Old Republic International Corp.
Besides lawmakers, the trade group lobbied the Department of Housing and Urban Development in the April-June period, according to a July 18 filing with the House clerk's office.
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