FHA Report Builds Solid Case for Wider Affordability

The recent actuarial report released by the Federal Housing Administration (FHA) builds a solid case for widening affordability through its low-down payment option, according to the National Association of REALTORS® (NAR). The report, which indicated FHA’s Mutual Mortgage Insurance Fund (MMIF)—responsible for paying lenders if a borrower defaults—is on steady ground, is another positive development for housing, says Bill Brown, NAR president.
“FHA’s actuarial re