REALTORS applaud success of FHA fund rebound

The Federal Housing Administration released its annual report to Congress on the financial condition of its Mutual Mortgage Insurance (MMI) Fund, which showed the fund’s reserve ratio exceeding the 2-percent threshold for the first time since 2008. Following NAR’s advocacy for cutting FHA annual mortgage insurance premiums, economic growth for the MMI Fund has improved, allowing FHA to expand credit access to borrowers. Click here to learn more.