The HUD financial report for fiscal year 2024 reveals a marked recovery in its programs, particularly the Home Equity Conversion Mortgage (HECM) business, which has achieved a positive capital ratio of 24.5%. This is a notable increase from previous years, despite a drop in overall HECM volume. Risk management continues to be vital for HUD's financial solvency, reflecting ongoing attention to FHA claims initiated under prior administrations. The Biden administration has also implemented organizational changes to enhance efficiency and resources across federal agencies, reinforcing the focus on effective governance and management.
We've been working really hard to expand the budget, resources and staff at Ginnie Mae. We have been woefully under-resourced, McCargo said at a Bipartisan Policy Center event that summer.
Risk management is a key determinant of the overall impact on overall financial solvency, and prior efforts to address FHA claims were a priority during the first Trump administration.
Collection
[
|
...
]