June 12, 2026 USMI Names MGIC CEO Tim Mattke as Chair of the Board

June 12, 2026

WASHINGTON, DC - U.S. Mortgage Insurers (USMI), the association representing the nation's leading private mortgage insurance (MI) companies, today announced that Tim Mattke will serve as the association's new Chairman of the Board of Directors. Mr. Mattke is CEO of MGIC and its parent company, MGIC Investment Corporation (NYSE: MTG). He succeeds Rohit Gupta, President, CEO, and Director of Enact Holdings, Inc. (Nasdaq: ACT), as Chairman of the Board of Directors.

"Private MI plays a critical role in the housing finance system, serving low down payment borrowers and allowing them to begin accumulating generational wealth associated with homeownership years sooner, while at the same time protecting lenders, investors, and taxpayers from undue mortgage credit risk," said Tim Mattke, incoming Chairman of the USMI Board of Directors. "It is an honor to be elected as Chairman of USMI as we celebrate 70 years of private MI supporting homeownership for more than 41 million households."

Prior to his current role, Mr. Mattke held positions in accounting and finance at MGIC and in audit with PricewaterhouseCoopers LLP.

"Tim's extensive career in mortgage finance, along with his years of work with USMI to expand access to homeownership for first-time buyers and working families, positions him well to serve as Chairman," said outgoing USMI Chairman Rohit Gupta. "I've had the opportunity to work alongside Tim through our shared work with USMI, and I'm confident his leadership will build on the strong progress we've made. In the last few years alone, private MI has helped homebuyers save more than $250 billion in cash at closing, and I look forward to continuing that momentum with Tim and the broader USMI community to support affordable, sustainable homeownership."

USMI President Seth Appleton added, "In contrast to other costs associated with homeownership, private MI premium rates have declined 25% since 2017 and private MI premiums are once again tax deductible for working-class homeowners. On behalf of USMI, we thank Rohit for his exemplary service as Chair over the past two years. Tim's leadership at MGIC has demonstrated his commitment to helping first-time homebuyers achieve the American Dream and I am confident that the association is well-positioned to be an effective voice for all those who count on private MI to buy a home without a large cash down payment."

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U.S. Mortgage Insurers (USMI) is dedicated to a housing finance system backed by private capital that enables access to housing finance for borrowers while protecting taxpayers. Mortgage insurance offers an effective way to make mortgage credit available to more people. USMI is ready to help build the future of homeownership. Learn more at www.usmi.org .