MBA Letter to HUD on FY25 Budget Request
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MBA supports providing the Federal Housing Administration (FHA) with the resources it requires, both in staffing and systems upgrades, to maintain its countercyclical role as a government-backed mortgage insurer. Accordingly, MBA has long been a proponent of funding for staffing, project management, and potential improvements that would allow the agency to better manage its operations and the risks associated with its Mutual Mortgage Insurance (MMI) Fund. Therefore, we urge the committee to provide $155 million for FHA’s MMI Program Account, as requested by HUD within President Biden’s FY 2025 budget.
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