The Government Accountability Office released a report this week highlighting “high-risk” areas that the federal government should address, including ongoing concerns about capital requirements for the FHA’s Mutual Mortgage Insurance Fund. “As evidenced by the $1.68 billion FHA received in 2013, the current 2.00 percent capital requirement for FHA’s fund may not always be adequate to avoid the need for supplemental funds under severe stress scenarios,” the GAO said. Issues involving the MMIF first received the GAO’s “high-risk” designation in 2013. The GAO reiterated its call for Congress or the FHA to specify the economic conditions that the MMIF would be expected to withstand without requiring supplemental funds. The government watchdog noted that the issue could be addressed as part of broader efforts involving reform of the ...