FHA | FY 2016 Annual Report to Congress

The U.S. Department of Housing and Urban Development (HUD) today released its annual report to Congress on the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. The independent actuarial analysis shows the MMI Fund’s capital ratio grew by $3.8 billion and now stands at 2.32 percent—the second consecutive year since 2008 that FHA’s reserve ratio exceeded the congressionally required 2 percent threshold.