Browsing: Mortgage insurance

Mortgage MMI Fund grew significantly in 2022

The overall capital ratio of the Mutual Mortgage Insurance Fund increased by three percentage points during the 2022 fiscal year to end at 11.11%, which is well above the statutory minimum of 2%, according to the Federal Housing Administration’s annual report to Congress released today.


The Federal Housing Administration today announced a new option that allows FHA-insured homeowners whose homes were damaged by recent natural disasters to remain in their homes, and also reduces losses that would otherwise negatively affect FHA’s mutual mortgage insurance fund.


The Department of Housing and Urban Development’s proposal limiting the window under which an FHA-approved lender would be able to file a mortgage insurance claim is unworkable and should be withdrawn, ABA wrote in a comment letter Friday. Under the proposal, lenders would be required to file a claim within three months of securing title