Treasury Department to collect data on climate risk from insurers
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial risk to consumers.
The Treasury Department announced that its Federal Insurance Office will soon begin collecting data from insurers to assess climate-related financial risk to consumers.
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’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 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 Internal Revenue Service on Thursday issued a notice providing guidance to lenders on reporting mortgage insurance premiums treated as qualified residence interest.
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.
Through its Corporation for American Banking subsidiary, ABA today endorsed the private mortgage insurance offerings of Arch Mortgage Insurance Company.
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window under which an FHA-approved lender would be able to file a mortgage insurance claim is unworkable and should be withdrawn, ABA wrote in a comment letter Friday.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
The Federal Housing Administration yesterday proposed a rule that would limit the window under which an FHA-approved lender would be able to file a mortgage insurance claim.