News & Information: Real Estate News

FHA takes steps to bolster capital reserves

Monday, February 11, 2013  
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The Federal Housing Administration has adopted a series of changes intended to allow the agency to better manage risk and further strengthen the health of its Mutual Mortgage Insurance Fund (MMI Fund).

"These are essential and appropriate measures to manage and protect FHA’s single-family insurance programs” said FHA Commissioner Carol Galante. "In addition to protecting the MMI Fund, these changes will encourage the return of private capital to the housing market, and make sure FHA remains a vital source of affordable and sustainable mortgage financing for future generations of American homebuyers.”

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