Review finds FHA mortgage insurance fund short $13.5 billion

HUD.gov / U.S. Department of Housing and Urban Development (HUD) – Home / Program Offices / Housing / RMRA / OE / Reports / Actuarial Reports / FHA Actuarial Review of the Mutual Mortgage Insurance Fund Actuarial Review of the Mutual Mortgage Insurance Fund The National Affordable Housing Act requires an independent actuarial analysis of the economic net worth and soundness of the FHA’s Mutual Mortgage.

The 2014 actuarial assessment of the Federal Housing Administration’s main funding source for its loan insurance program – the Mutual Mortgage Insurance Fund (MMI)- reveals that the FHA’s financial situation is much improved but not as strong as last year’s predictions suggested it would be.

U.S. FHA faces $1.3 billion capital shortfall – Yahoo Finance – U.S. FHA faces $1.3 billion capital shortfall. The annual analysis calculates the solvency of the FHA’s mortgage insurance fund under a range of economic assumptions.. The government.

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An audit of the financial situation at the Federal Housing Administration finds the mutual mortgage insurance fund is short a projected $13.48 billion. The FHA will likely ask Congress to petition.

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FHA single-family mortgage insurance: financial status of the Mutual Mortgage Insurance Fund (MMI Fund). FHA was expected to be short about $1.3 billion when all of its currently insured loans. HUD’s Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage.

There are two kinds of Federal Housing administration (fha) mortgage insurance. You must buy both when getting an FHA loan. The first takes a one-time payment and costs 1.75% of the loan amount. The second you pay annually. It costs between 0.45% to 1.05% of the loan amount, depending on your down.

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The FHA has expanded its mortgage insurance programs to cover energy-efficient improvements, rehabilitation and reconstruction loans, manufactured housing, condominium housing, reverse mortgages for.

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