BREAKING NEWS

FHA 2022 Actuarial Report Shows Improvement in MMI Fund Capital Ratio, HECM Performance

Volume 21 Issue 224.5

Tuesday, November 15, 2022

FHA 2022 Actuarial Report Shows Continued Improvements in Capital Ratio, HECM Performance

The Federal Housing Administration on Tuesday released its Annual Actual Report on the status of its Mutual Mortgage Insurance Fund, showing an increase in congressionally mandated capital reserve ratios, lower delinquency levels and a decrease in borrowers in forbearance plans.

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Quote

“Given FHA’s healthy financial position, MBA continues to believe that HUD should make FHA loans more affordable by reducing mortgage insurance premiums as soon as budgetary opportunities allow. This move would help offset the impact of higher mortgage rates and improve the purchasing power for many prospective first-time homebuyers, minority buyers, and those with low and moderate incomes." --MBA President & CEO Robert Broeksmit, CMB.

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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