FHA released its 2019 Annual Report to Congress, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
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FHA Actuarial Report Shows MMI Fund Capital Ratio at 12-Year High
FHA released its 2019 Annual Report to Congress on Nov. 14, showing the FHA Mutual Mortgage Insurance Fund–which fell to dangerously low levels earlier in the decade–rose to its highest level since fiscal year 2007.
HUD, Justice Department Reach Agreement on False Claims Act Violations
AUSTIN, TEXAS–HUD and the Department of Justice yesterday signed a memorandum of understanding outlining “prudent” guidance for False Claims Act violations, a move that analysts said could help eliminate uncertainty in FHA lending and provide incentives for private market lending in government lending programs.
Ginnie Mae Acting President Maren Kasper Announces Resignation
Acting Ginnie Mae President, Executive Vice President and Chief Operations Officer Maren Kasper said she is stepping down, effective Oct. 18, to pursue an opportunity in the private sector.