Nation: FHA Fund Improves

On November 15 the Federal Housing Administration (FHA) released its Annual Report to Congress and the FY2016 Actuarial Review of the Mutual Mortgage Insurance Fund Forward Loans.  The review shows that the Fund’s capital reserve ratio has reached 2.32 percent and has improved by $43.9 billion since FY 2012.  This is the second year inContinue reading “Nation: FHA Fund Improves”

HUD Announces Changes to FHA

On January 30, 2013, the Federal Housing Administration (FHA) announced a series of changes that manage risk and further strengthen the heath of FHA’s Mutual Mortgage Insurance Fund (MMI Fund): ~ The Standard Fixed-Rate Home Equity Conversion Mortgage (HECM) and Saver Fixed Rate HECM pricing options will be consolidated.  This change will be effective for FHAContinue reading “HUD Announces Changes to FHA”