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FHA Boasts Highest Capital Reserves in 12 Years

Thursday, Nov 21 2019
Lending
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The Federal Housing Administration’s capital reserve ratio reached 4.84% in the latest fiscal year, up from 2.76% in 2018 and its highest level since fiscal 2007. That’s according to the regulator’s annual report to Congress (PDF).

ore-->The capital ratio for the FHA’s Mutual Mortgage Insurance Fund by far exceeds the minimum statutory requirement of 2%, according to the report.

U.S. Housing and Urban Development Secretary Ben Carson said in a press release, “The financial health of FHA’s single-family insurance fund is as sound as it has been in over a decade.”

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