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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund was another positive overall development for the program, with the estimated economic net worth of the HECM MMI at $15.368 billion, according to the Federal Housing Administration (FHA) Annual Report to Congress released in November.

The cash-flow net present value (NPV) of the HECM book also increased year over year, from $3.646 billion in 2022 to $6.742 billion in 2023. Details of the actuarial review of the HECM book of details ⇒

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