Secretary of Housing and Urban Development Marcia Fudge recently said that the U.S. Department of Housing and Urban Development (HUD) has no near-term plans to change the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMIF). Noting that the MMIF “has remained resilient” throughout 2020 and the COVID-19 pandemic, Secretary Fudge noted that the “FHA portfolio has experienced increased levels of seriously delinquent loans and a heightened level of loans in forbearance.”