Browsing Tag:MMI

mmi-fund-actuarial-report-updates-information-on-reverse-mortgage-developments-declining-h4p
An annual actuarial review of the Mutual Mortgage Insurance (MMI) Fund finances for the Home Equity Conversion Mortgage (HECM) ledger provides updated data on borrower usage of HECM loans and a longer outlook of emerging trends related to product use by borrowers. This emerges from the report on the HECM program conducted by the actuary firm Pinnacle Actuarial...
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updated-2021-mmi-report-reverse-mortgage-portfolio-hits-optimistic-territory-for-first-time-since-2015
The Federal Housing Administration's Mutual Mortgage Insurance Fund (MMIF) reverse mortgage portion has a positive equity ratio for the entire government-sponsored portfolio, according to an annual actuarial review of the fund's finances and the FHA's annual report to Congress, both released Monday reached tomorrow. Its net economic value is about $ 3.8 billion, compared to $ 492 million...
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senior-fha-official-hints-at-mmi-fund-well-being-describes-yr-of-motion-for-reverse-mortgages
The Home Equity Conversion Mortgage (HECM) program remains an important part of the Joe Biden government's stated housing mission and is a tool that realizes the goals of both U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge and the President Biden can help ensure seniors have the opportunity to age in their own home.This was the...
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