FHA’s Balance Sheet Rebounds after Bailout

The Hill, Nov. 16, 2015–Needham, Vicki

The Federal Housing Administration’s Mutual Mortgage Insurance Fund on Monday eclipsed a key benchmark for the first time since the financial crisis, reflecting an improvement in the agency’s health and steering it well clear of another taxpayer infusion, according to an independent analysis sent to Congress. David Stevens, president and CEO of the Mortgage Bankers Association, urged policymakers to look carefully at the Home Equity Conversion Mortgage, the FHA’s reverse mortgage program that enables withdrawal of home equity.