Findings included in the Federal Housing Administration’s (FHA) 2017 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund) indicate the fund’s fiscal health is declining.
The financial industry and some members of Congress believe that reverse mortgages are negatively impacting the fund, and that it would be in worse shape if not for the suspension of a planned reduction to mortgage insurance premiums.
Find out more details about the fund’s condition and what factors may affect it going forward.