HUD Report: Mutual Mortgage Insurance Fund Exceeds Statutory Capital Ratio in 2019

The Federal Housing Administration’s Mutual Mortgage Insurance Fund reached a capital ratio of 4.84%, up from 2.76 in 2018 and well above the minimum statutory requirement of 2%, according to the FHA’s 2019 annual report to Congress. The net worth of the fund was at $62.38 billion, an increase of more than $27.52 billion from last year.

FHA insures more than 8.1 million mortgages comprising 11.41% of all single-family residential mortgage originations. That figure was down from 12.28% last year and down significantly from a 17.9% post-crisis peak, FHA said.