FHA PUBLISHES ANNUAL REPORT TO CONGRESS ON THE SINGLE FAMILY MUTUAL MORTGAGE INSURANCE FUND

摘要

The Federal Housing Administration (FHA) has released its FY 2020 annual report covering the financial status of the Mutual Mortgage Insurance (MMI) Fund and its Single Family insurance programs. In addition to its emphasis on helping homeowners financially impacted by the coronavi-rus (COVID-19) pandemic, in FY 2020 FHA also served a record number of its core mission demographic of first-time and minority homebuyers. As the report illustrates, the MMI Fund achieved gains in its overall capital ratio, ending the fiscal year at 6.10%-an increase of 1.26% points over FY 2019 and well above the Congressionally mandated 2.0% capital ratio. As forecasted, this level of capital will help FHA withstand the immediate financial impacts to the Fund of the COVID-19 pandemic without requiring additional assistance from taxpayers. The report also provides the data and rationale to support a prudent capital management strategy moving forward so the Fund can continue to withstand any future or protracted economic stress events.