FHA Single-Family Mortgage Insurance : Financial Status of the Mutual Mortgage Insurance Fund (MMI Fund)

Author / Creator

Library of Congress. Congressional Research Service

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Online

Summary

This report is one in a series of updates. For the most recent coverage of this report series, please see 14-R4-2875 in the 2014 issue. Addresses FHA traditional single-family mortgage insurance pr...

This report is one in a series of updates. For the most recent coverage of this report series, please see 14-R4-2875 in the 2014 issue.

Addresses FHA traditional single-family mortgage insurance program, which insures mortgages to purchase or refinance single-family homes with principal balances under a certain threshold. Describes insurance fund that finances FHA-insured single-family mortgages, known as the Mutual Mortgage Insurance (MMI) Fund, focusing on major factors affecting its stability. Explains how MMI Fund is accounted for in Federal budget, and summarizes results of annual independent actuarial reviews that are mandated by Congress.

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