Summit is pleased to announce that we have been chosen to provide the U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) Office of Evaluation with an actuarial review of its Mutual Mortgage Insurance Fund (MMIF). Along with our teaming partner, Milliman, Inc., Summit will conduct extensive research and analysis on FHA’s Forward and Home Equity Conversion Mortgage (HECM) loans. Our team will develop cash flow models to project future portfolio value, integrating flexibility for it to respond accordingly to potential effects of policy changes.
This new engagement further expands Summit’s portfolio of service for HUD. We are eager to get to work on this important engagement for FHA.