The Mutual Mortgage Insurance Fund achieved a capital reserve ratio of 11.47%, marking the ninth consecutive year exceeding the 2% statutory minimum.
Despite challenges in the mortgage and housing markets, the percentage of first-time homebuyers using FHA insurance remained strong at 82.64%, comparable to 2023.
FHA reported that over 790,000 Americans benefited from its homeownership programs, highlighting its role in expanding access to homeownership amid ongoing challenges.
Adrianne Todman noted that the Biden administration's historic reforms have aided hundreds of thousands in achieving homeownership despite rising affordability issues.
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