FHA Insurance Fund Performance Improves

The Federal Housing Administration said today that the capital ratio for its mortgage insurance fund has reached 2.32 percent, a reflection of continued improvements in the housing market and the second year in a row since 2008 that the fund has reached the congressionally mandated 2 percent level.

The capital ratio increase came just four years after the fund’s capital ratio dipped to -1.44 percent in 2012 and three years after FHA received a $1.7 billion taxpayer cash infusion to cover losses to the fund.