FHA’s Mutual Mortgage Insurance Fund

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This week, the Federal Housing Administration (FHA) released its annual report to Congress on the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund for single family programs. The independent actuarial analysis showed the MMI Fund’s capital reserves grew by $3.8 billion and the capital reserve ratio now stands at 2.32 percent—the second consecutive year that FHA’s reserve ratio exceeded the congressionally required two percent threshold. This is welcome news, as the health of the fund is important to our industry.

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