HUD: FHA'S 2015 Annual Report Shows Capital Reserves Now Exceed 2%, First Time Since 2008

From HUD: FHA'S 2015 ANNUAL REPORT SHOWS CAPITAL RESERVES NOW EXCEED 2% The U.S. Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial condition of the Federal Housing Administration's Mutual Mortgage Insurance (MMI) Fund. The independent actuarial analysis shows the MMI Fund's capital ratio stands at 2.07 percent-the first time since 2008 that FHA's reserve ratio exceeded the congressionally required 2 percent threshold. The economic value of the MMI Fund gained $19 billion in Fiscal Year 2015, driven by strong actions to reduce risk, ......(read more)

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