By helping reduce foreclosures and expanding loss mitigation options, HUD’s new rule seeks to help keep more in their homes in times of economic instability.
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HUD: FHA’s MMI Fund is ‘Financially Sound’
The Federal Housing Administration's Mutual Mortgage Insurance fund has been a source of controversy in the housing industry over the last two years. According to HUD, however, the financial health of the fund is not a concern.
Read More »FHA’s Mutual Mortgage Insurance Fund Surpasses Congress-Required Threshold
The Federal Housing Administration's Mutual Mortgage Insurance Fund gained $19 billion in economic value during Fiscal Year 2015, pushing its capital ratio past the 2 percent threshold required by Congress, according to HUD’s annual report to Congress released Monday morning.
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