BREAKING NEWS

FHA Mutual Mortgage Insurance Fund Capital Ratio Reaches Highest Level Since 2007

Volume 19 Issue 223.5

Friday, November 13, 2020

FHA 2020 Actuarial Report: MMI Fund Capital Ratio at 13-Year High

The Federal Housing Administration today said its Mutual Mortgage Insurance Fund capital ratio ended fiscal year 2020 at 6.1 percent, well above its congressionally mandated 2.0 percent capital ratio to its highest level since 2007.

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“Today’s report reconfirms the important role that FHA plays in providing access to the housing market for qualified first-time, minority, and low- to moderate-income borrowers. It is gratifying to see the improved performance of both the forward and reverse mortgage books of business.” --MBA President & CEO Robert Broeksmit, CMB, in a statement regarding the Actuarial Report on the FHA Mutual Mortgage Insurance Fund released Friday.

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President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan | 202/557-2855

Editorial Director: Michael Tucker | 202/557-2851

Senior Editorial/Advertising Specialist: Lesley Hall | 202/557-2856

Advertising Opportunities: Bill Farmakis | 203/834-8832