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Annual Report to Congress Regarding Financial Status of FHA Mutual Mortgage Insurance Fund FY2011

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Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund Fiscal Year 2011, U.S. Department of Housing and Urban Development, November 15, 2011

  • “The findings of independent actuarial reviews performed at the close of FY 2011 indicate that the MMI Fund remains actuarially sound, though there continue to be significant near-term economic risks. As of the end of fiscal year 2011, FHA’s total capital resources stand at $33.7 billion, $400 million more than at the end of fiscal year 2010. Of that total, $29.0 billion is in the Financing Accounts to offset expected claims and $4.7 billion is in the Capital Reserve Account. While the Fund has remained positive, we know that we must remain vigilant to the risks before us and we will continue to take the actions necessary to protect the Fund and taxpayers.”
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