NAR: FHA report shows opportunity to make homeownership more affordable

Released on Nov. 16, the Federal Housing Administration’s actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory, a finding the National Association of REALTORS believes is an opportunity to make FHA’s low downpayment mortgage option available to an even larger number of borrowers. In a sign of continuing health, the report shows that the fund’s "seriously delinquent" rate is at a 10-year low, while the overall economic value of the fund has increased by $3.8 billion. Click here for more information and a link to the report.