November 15, 2023
(Washington, D.C.) – Scott Olson, Executive Director of Community Home Lenders of America (CHLA), released the following statement in response to this morning’s release of the FHA MMIF Report:
“CHLA is thrilled by FHA’s continued financial strength, as evidenced by today’s FHA Actuarial Report. In light of FHA’s financial strength, just as relief from excessive student debt burdens has been a priority, the Administration should make relief from excessive homeownership mortgage cost burdens a priority by ending the FHA Life of Loan premium policy.”
2023 FHA Annual Report MMIFund: https://www.hud.gov/sites/dfiles/PA/documents/MMIFWDLoansFinalRpt111423.pdf