The Mortgage Market Index (MMI) Fund has maintained a healthy financial position, remaining well above its required minimum reserve of 2%. Despite this strong performance, trade associations within the mortgage industry are urging for additional measures to improve affordability for borrowers.
Key points include:
– The MMI Fund is currently operating comfortably above the mandated 2% threshold, indicating a stable financial outlook for the mortgage market.
– Trade associations are advocating for increased affordability initiatives to help make homeownership more accessible for a broader range of borrowers.
– The continued success of the MMI Fund highlights the overall resilience of the mortgage industry, even amidst changing economic conditions and market dynamics.
You can read this full article at: https://www.housingwire.com/articles/mmi-fund-capital-reserve-is-now-5x-larger-than-required/(subscription required)
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