FHA's
survivorship and decrement tables present estimates of the number
of claim terminations and non-claim terminations by policy year
over the entire term of the loan. These estimates are intended to
portray the experience of a large number of origination years. Hence,
these estimates are not intended to forecast the results of any
particular origination year. Such results depend on a large number
of factors, such as various economic variables - e.g., interest
rates, home price appreciation, and employment levels. The user
is urged to exercise extreme caution in applying these numbers directly
to forecast future experience of FHA loans.
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