STATEMENT ON STATUS AND SOLVENCY OF THE FHA INSURANCE FUND

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For Immediate Release

November 17, 2014

Media Contacts

Robert Schwartz 202-207-3665 (rschwartz@prismpublicaffairs.com)
Michael Timberlake 202-207-3637 (mtimberlake@prismpublicaffairs.com)

Statement by USMI on Status and Solvency of the FHA Insurance Fund

“Today, FHA released updated information on the status of the FHA insurance fund. While progress was made in restoring the financial health of the fund, it fell short of its 2% capital ratio mandate. In light of today’s report, USMI urges policy makers to proceed cautiously and to carefully assess the impact of any potential FHA premium reductions on its solvency as well as its stated objective of returning the FHA to a smaller and more traditional share of the mortgage market.”

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