FEDERAL HOUSING ADMINISTRATION
Capital Requirements and Stress Testing Practices Need Strengthening
Business & Finance, Accounting, Governmental
| Author: | Hugues Dumont | ISBN: | 1230002159577 |
| Publisher: | Hugues DUMONT | Publication: | February 14, 2018 |
| Imprint: | Language: | English |
| Author: | Hugues Dumont |
| ISBN: | 1230002159577 |
| Publisher: | Hugues DUMONT |
| Publication: | February 14, 2018 |
| Imprint: | |
| Language: | English |
FHA insures private lenders against losses from defaults on single-family mortgages. According to independent actuarial reviews, in fiscal years 2009–2014, FHA’s MMI Fund (which insures $1.2 trillion in single-family traditional and reverse mortgages) did not meet its statutory 2 percent capital requirement. Also, a budgetary review determined that the fund required $1.69 billion in supplemental funds in fiscal year 2013...
FHA insures private lenders against losses from defaults on single-family mortgages. According to independent actuarial reviews, in fiscal years 2009–2014, FHA’s MMI Fund (which insures $1.2 trillion in single-family traditional and reverse mortgages) did not meet its statutory 2 percent capital requirement. Also, a budgetary review determined that the fund required $1.69 billion in supplemental funds in fiscal year 2013...
