2024 MMI report: HECM remains in the black by Chris Clow for HousingWire
HousingWireHousingWire The reverse mortgage portion of the Federal Housing Administration’s (FHA)’s Mutual Mortgage Insurance Fund (MMIF) has reached a positive capital ratio for the fourth year in a row on the overall government-backed portfolio. This is according to the FHA’s Annual Report to Congress, released Friday morning. In 2023, the…
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