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FHA MMIF Actuarial Report – 12/13/13


Scott Olson, Executive Director of the Community Home Lenders Association (CHLA), released the following statement in response to the release of the FHA MMIF actuarial report:
“In responding to the latest FHA projections, it is important to keep in mind that the quality of new FHA loans is very strong. ┬áIn fact, the Community Home Lenders Association believes that FHA can best serve its mission of meeting consumer mortgage needs by lowering its annual premiums – while continuing its activities to maximize recoveries of distressed loans through loan modifications, short sales, and loan sales.”