Emerging Markets

In the coming decades, the demand for housing will be affected by aging Baby Boomers, growing levels of immigration and the changing composition of households.

Not to be overlooked in this expanding, diverse, emerging housing market are low-to-moderate income, creditworthy consumers ready to assume the responsibilities of homeownership.

MGIC’s mission is to help lenders serve these consumers, enabling them to finance homes under terms they can afford now and in the future, so they can remain successful long-term homeowners.

Successful homeownership leads to increased wealth and more stable families, which leads to stronger neighborhoods and communities — overall, a better way of life.

MGIC participates in and supports HFA and GSE programs that serve the emerging housing market. To help prepare first-time homebuyers for the responsibility of homeownership, we offer educational resources.

Protecting Borrowers

Predatory mortgage lending, often targeting emerging market communities, drains wealth from families and communities, destroys the benefits of homeownership and often leads to foreclosure.

MGIC will treat this type of business as ineligible for MGIC mortgage insurance. See our Anti-Predatory Lending Policy.