MBA Statement on FHA’s Annual Report to Congress

MBA President and CEO Bob Broeksmit, CMB, issued the following statement regarding the Federal Housing Administration’s release of its annual report to Congress:

“Strong underwriting standards and prudent risk and loss mitigation practices across HUD, FHA lenders, and servicers continue to underpin a sound FHA program, marked by robust capital reserves.

“MBA shares the Trump administration’s goal of making homeownership more affordable and appreciates FHA’s efforts this year to streamline its single-family financing programs, cut red tape, and remove housing construction barriers.

“With the Mutual Mortgage Insurance Fund holding a very high capital reserve of 11.47% – well above the 2% statutory minimum – we will review the report in greater detail to assess whether any policy changes are warranted to improve affordability and access to homeownership in 2026, including a potential reduction in FHA’s annual mortgage insurance premiums. Any such changes should be calibrated responsibly and informed by a careful evaluation of the program and the economic factors behind the rising serious delinquency rate to ensure the program remains safe, sound, and sustainable.”