Updated: FHA Capital Reserve Ratio Now Officially Below Minimum; Changes Coming.

Have added links to the actual actuarial reports, NOT the briefings:
Review without HECM's is HERE
HECM only review is HERE.
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WSJ story HERE.

HUD/FHA press release HERE. From PR:

Changes Enacted via Mortgagee Letter, Effective January 1, 2010

• Require Submission of Audited Financial Statements by Supervised Mortgagees
• Modify Procedures for Streamline Refinance Transactions
• Require Appraiser Independence in Loan Origination
• Modify Appraisal Validity Period
• Enable Appraisal Portability

Changes Being Pursued by Rule Making Process

• Modify Mortgagee Approval and Participation in FHA Loan Origination
• Increase Net Worth Requirements for Mortgagees

FHA's Fiscal Year 2009 Actuarial Review Briefing

HUD's Report to Congress

Originally created and posted on the Oregon Housing Blog.