• Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » Prospect of FHA MIP Reduction Fades as MMIF Cap Ratio Drops
Looking to read the full article? Subscribe today!

Prospect of FHA MIP Reduction Fades as MMIF Cap Ratio Drops

November 22, 2017
Any chance of a mortgage-insurance premium reduction in the near future has dimmed in the wake of an actuarial report placing the FHA insurance fund on shakier ground at the end of FY 2017. One clear thing from the report released on Nov. 15 was that FHA’s flagship single-family home mortgage program continued to grow stronger with an economic net worth of $38.4 billion in fiscal 2017. In contrast, problems persisted in the Home Equity Conversion Mortgage portfolio, driving the program’s economic value down by another $6 billion to negative $14.5 billion. The drag HECM losses inflicted on the MMIF has renewed calls to separate the ailing portfolio from the fund, which can only be accomplished by legislation. Right now, the reverse mortgage issue is not even on Congress’ legislative agenda. HECM losses also caused the fund’s economic net worth and capital reserve ratio to decline in fiscal year ...
News Inside Mortgage Finance Inside Mortgage Trends Inside FHA/VA Lending Inside the CFPB Government-Insured Lending Originations Servicing Profitability Government-Insured Originations Programs & Policies FHA
Purchase this article for $55.00
Subscribe To The Newsletter

Latest Imf News

  • Agency MBS Issuance Continues Downward Trend in November

  • Warehouse Finance: An Opportunity From an Exit

  • MSR Values in Danger of Getting Nicked?

  • Enjoying the Golden Years — But With More Mortgage Debt

More Imf News

Featured Data

  • Weak Demand Drags Jumbo Production Down in 3Q

  • Robust Ginnie MSR Sales Gaining Speed in 3Q23

  • GSE Supers Issuance Soars in 3Q23 as Fed Aggregates

  • Correspondent Channel Gains Traction in Third Quarter

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2022

  • Mortgage Servicing Rights Report: 3Q23 (PDF)

  • Lender Profiles 2Q23: Top 25 (PDF)

  • GSE Repurchase Activity: Cumulative to Second Quarter 2023 (PDF Format)

More Latest Reports

Featured Poll

Artificial intelligence is grabbing headlines, but many in the mortgage industry aren’t yet on board. Are you thinking about deploying any AI technology soon (for example, appraisal automation, income/employment verification, compliance management)?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2023 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing