HUD Report: Mutual Mortgage Insurance Fund Exceeded Statutory Capital Ratio in 2018

The Federal Housing Administration’s Mutual Mortgage Insurance Fund reached a capital ratio of 2.76 percent, exceeding its minimum statutory requirement of 2 percent, according to the FHA’s 2018 annual report to Congress. The net worth of the fund increased $8.12 billion from last year to total $34.86 billion.

FHA insures more than 8 million mortgages comprising 12.1 percent of all single-family residential mortgage originations. That figure was down from 13.45 percent last year, and down significantly from a 17.9 percent post-crisis peak, FHA said.


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Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.