How Reverse Mortgages Helped the FHA Fund Bounce Back
National Mortgage News, Nov. 23, 2015–Passy, Jacob
FHA celebrated that its insurance fund had a capital ratio of nearly 2.1% in the recently concluded fiscal year; it was the first time the ratio had surpassed the congressionally mandated 2% level since 2008. MBA President and CEO David Stevens, CMB, said policymakers should look into the role of reverse mortgages in the fund’s value swing.
