December 13, 2013

Annual Report to Congress Shows Progress

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Today, the HUD released its Fiscal Year (FY) 2013 Annual Report to Congress on the Financial Status of the Mutual Mortgage Insurance (MMI) Fund, which reports the results of an independent actuarial evaluation of the Fund. According to the independent actuary, the Fund has gained $15 billion in value and now stands at an economic net worth […]

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September 4, 2013

Changes to Reverse Mortgages Will Protect Consumers

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HUD has a long history of helping our nation’s seniors find quality, affordable housing.  With the help of initiatives like our Section 202 housing and Assisted Living Conversion Programs (ALCP), we make sure to set aside some of our housing assistance resources for our most vulnerable elderly populations – promoting their independence and inclusion in […]

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June 19, 2013

Housing Counseling Works!

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Navigating the world of housing choices isn’t easy.  Should I rent or buy? What can I really afford? Will I have to move away once I retire?  What does all this paperwork really mean?  How do I know I’m being treated fairly by my landlord? By my bank? These questions can be daunting – but […]

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March 27, 2012

The Facts on FHA

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The health of the FHA and management of its business have been frequent topics of discussion in the media and among our stakeholders in recent months.  Certainly, these are important issues – to the ongoing recovery of our economy, to the future of our housing finance system, and to American taxpayers.  We welcome a robust […]

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February 27, 2012

FHA Takes Additional Steps to Bolster Capital Reserves While Minimizing Cost to Borrowers

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Today, FHA announced a new premium structure for FHA-insured single family mortgages: as of this spring, the annual mortgage insurance premium (MIP) will increase by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount;  and upfront premiums (UFMIP) will increase by 0.75 percent. While the new structure is expected […]

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