MBA Statement on FHA’s Annual Report to Congress

WASHINGTON, D.C. (December 31, 2025) — MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement regarding today’s Federal Housing Administration (FHA) release of its annual report to Congress:

“Strong underwriting standards and prudent risk and loss mitigation practices across HUD, FHA lenders, and servicers continue to underpin a sound FHA program, marked by robust capital reserves.

“MBA shares the Trump administration’s goal of making homeownership more affordable and appreciates FHA’s efforts this year to streamline its single-family financing programs, cut red tape, and remove housing construction barriers.

“With the Mutual Mortgage Insurance Fund holding a very high capital reserve of 11.47%—well above the 2% statutory minimum—we will review the report in greater detail to assess whether any policy changes are warranted to improve affordability and access to homeownership in 2026, including a potential reduction in FHA’s annual mortgage insurance premiums. Any such changes should be calibrated responsibly and informed by a careful evaluation of the program and the economic factors behind the rising serious delinquency rate to ensure the program remains safe, sound, and sustainable."