Strength and stability are words the mortgage industry typically likes to hear, and those are precisely the words being used to describe the Federal Housing Administration’s (FHA) 2018 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund).
Mortgage Bankers Association President and CEO Robert Broeksmit said the MMIF capital ratio reflects significant improvements in regards to delinquencies, early payment defaults, claims payments and loss rates, among other serious indicators.
Find out more details about the agency’s annual report.