Private MI: A Source of Strength & Resiliency in the Housing Finance System
Private mortgage insurance (MI) stands as a strong, resilient, and reliable component of America’s housing finance system, serving as the first layer of protection against undue credit risk and supporting homebuyers, lenders, the government-sponsored enterprises (GSEs), and taxpayers.
Our nation’s mortgage finance system must balance access to mortgage credit for consumers with shielding taxpayers from mortgage credit risk. Fortunately, private MI is uniquely and permanently dedicated to serving both objectives through all economic cycles. The private MI industry continues to be strong, resilient, and reliable, ensuring the industry is poised to enable homeownership for borrowers without large down payments while protecting the GSEs, American taxpayers, and the mortgage finance system at large from mortgage credit risk in the future.
