Mortgage Financing : FHA's Fund Has Grown, but Options for Drawing on the Fund Have Uncertain Outcomes

According to HUD, the economic value of the Mutual Mortgage Insur. Fund grew by about $5 billion in 1999, reaching its highest level in 20 years. This report: estimates the value of the Fund at the end of FY'99, given expected econ. conditions, & compares this est. to the est. of the value of the Fund reported by HUD; determines the extent to which a 2% capital ratio (CR) would allow the Fund to withstand worse-than-expected loan performance due to economic & other factors; & describes options for adjusting the size of the Fund if the estimated CR is different than the amt. needed, & describes the impact that these options might have on the FUND, FHA mortgagors, & the Fed. budget. Tables.McCool, Thomas J. is the author of 'Mortgage Financing : FHA's Fund Has Grown, but Options for Drawing on the Fund Have Uncertain Outcomes', published 2001 under ISBN 9780756713690 and ISBN 0756713692.