FHA releases 2014 Actuarial Report

On Monday, November 17, 2014, the Federal Housing Administration (FHA) released its Annual Report to Congress and the FY 2014 Independent Actuarial Assessment of the FHA Mutual Mortgage Insurance Fund. The review shows that the fund has gained $6 billion over the past year and the current economic net worth has improved to a positive $4.8 billion. FHA’s current cash reserves to pay claims total $40 billion. The capital reserve ratio is required to be at or above two percent and FHA is expected to meet that obligation by 2016.

Click here for the FHA FY 2014 Annual Report to Congress. Click here for the FHA FY 2014 Actuarial Report.