"To completely stabilize the fund for future generations, we will need help from Congress," HUD Secretary Shaun Donovan wrote in a letter to lawmakers.

FHA's Finances Stabilize: Report

Lower credit losses and higher premium revenues pushed the Federal Housing Administrationís mortgage insurance fund closer to positive territory and the agency says it is on pace to reach its statutory capital requirement two years ahead of schedule.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.