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NAR Praises Positive Federal Housing Administration Actuarial Review

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WASHINGTON (December 13, 2013) – The following is a statement by National Association of Realtors® President Steve Brown:

“NAR is a strong supporter of the Federal Housing Administration and its vital role in the mortgage marketplace.

“The 2013 Actuarial Review released today shows that FHA is on a positive trajectory to rebuild its capital reserve fund and meet the congressionally required 2 percent excess reserve amount by 2015. These promising gains are the result of strong leadership and a commitment to policies that balance risk with FHA’s… Read More

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