The Federal Housing Administration’s (FHA) Mutual Mortgage Insurance (MMI) Fund is performing at a 12-year high – despite rising borrower risk factors.
The Department of Housing and Urban Development (HUD) has released its annual report to Congress detailing the economic condition of the MMI Fund as of Sept. 30.
Read on for details from the report, as well as reaction from new National Association of Realtors President Vince Malta and Mortgage Bankers Association President and CEO Robert Broeksmit.
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