Brian Montgomery highlights that HUD's financial model, primarily funded by borrower premiums and investment income, demonstrates efficiency, with an estimated $6.2 billion surplus for Treasury in fiscal 2025.
Montgomery emphasizes that 80% of FHA’s clients are first-time homebuyers, showcasing HUD’s significant role in supporting homeownership through efficient programs that benefit borrowers without taxpayer funding.
In contrast to claims of inefficiency, the recent audit suggests FHA possesses a positive economic value exceeding $171 billion, stressing the financial health and operational success of the agency.
Montgomery contends with Jack Ryan's assertions regarding Ginnie Mae's past financial issues, clarifying that it guarantees payments to investors funded by investor fees rather than taxpayer bailouts.
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