The Federal Housing Administration’s (FHA) Mutual Mortgage Insurance (MMI) Fund is performing at a 13-year high despite the coronavirus pandemic. The fund now is at the highest level since FY 2007, when it reached 7 percent.
The Department of Housing and Urban Development (HUD) recently released its annual report to Congress detailing the economic condition of the MMI Fund as of Sept. 30.
Read on for details from HUD.
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