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Washington, D.C. · http://www.hud.gov

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  1. Commish Galante to House Cmte: We take recent losses extremely seriously & have made it a priority to strengthen MMI Fund.

  2. Commish Galante to Hse Cmte: I do not believe the private market can serve all the borrowers was born to serve.

  3. Commish Galante to House Cmte: FHA has always been a 30-yr, fully underwritten mortgage product...certainly NOT subprime!

  4. Galante to House Cmte: Admin has taken significant actions to protect and strengthen FHA adding $32 BILLION to MMI Fund's value.

  5. Galante to House Cmte: Still too early to say whether the MMI Fund will need assistance from Treasury.

  6. In the market to purchase a home? Be sure to check out our videos on the home buying process

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