An Actuarial Review for Fiscal Year 1996 of the Federal Housing Administration's Mutual Mortgage Insurance Fund: Final Report

This historic report, carried out by Price Waterhouse (now PricewaterhouseCoopers) on behalf of the Federal Housing Administration (FHA), is an independent actuarial analysis of the economic net worth of the FHA's Mutual Mortgage Insurance Fund for Fiscal Year 1996. The report estimates that the fund had a value of $9.4 billion at the end of FY1996, with a capital ratio of 2.6 percent.