WASHINGTON (November 16, 2021) – National Association of Realtors® President Leslie Rouda Smith issued the following statement Tuesday after the Federal Housing Administration (FHA) provided its fiscal year 2021 report to Congress.

"Realtors® are encouraged by the robust progress in the FHA's book of business. The financial health of the FHA Mutual Mortgage Insurance Fund continues to improve, and the FHA's outlook is equally strong despite lingering concerns. FHA should begin to look at ways to responsibly help homebuyers with its excess resources, such as eliminating the life-of-loan feature of the mortgage insurance premium or instituting the Homeowners Armed With Knowledge (HAWK) program, while maintaining stability in the market."

The National Association of Realtors® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.

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