The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. The estimated economic net worth of the HECM MMI stood at $17.4 million, up from $15.4 million last year, according to the Federal Housing Administration (FHA)’s Annual Report to Congress released last month.

The cash-flow net present value (NPV) of the HECM book also increased during the year, going from $6.742 billion in 2023 to $8.399 billion in 2024. Details of the details ⇒

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