(301) 657-9883 info@econometricainc.com

Blog

HUD Releases Statement on the Mutual Mortgage Insurance Fund

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.”

read more