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Economic Value of FHA’s Reverse Mortgage Portfolio Grows $7.9 Billion 

Nov 16, 2015By

The financial condition of the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance (MMI )Fund gained $19 billion in Fiscal Year 2015, driven by a $7.9 billion increase in the Home Equity Conversion Mortgage (HECM) portfolio, according to FHA’s annual report to Congress released today. For the first time since 2008, the independent actuarial analysis showed the […]