The health of the FHA and management of its business have been frequent topics of discussion in the media and among our stakeholders in recent months. Certainly, these are important issues – to the ongoing recovery of our economy, to the future of our housing finance system, and to American taxpayers. We welcome a robust [...]
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This week, HUD released its annual report to Congress on the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund. The report demonstrates the long-term strength of the Fund while not shying away from the challenges it faces in the near-term due to ongoing stresses in the housing market. While the [...]
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Earlier today, we released the Federal Housing Administration’s (FHA) Fiscal Year 2011 Report to Congress. This report gives the financial condition and fiscal outlook of FHA’s Mutual Mortgage Insurance (MMI) Fund. I am happy to say that even though FHA has come through the most severe economic crisis since it was created in 1934, the [...]
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