Summit’s engagement with the Federal Housing Administration (FHA) Mutual Mortgage Insurance (MMI) Fund was recently mentioned in a publication submitted to Congress.
Frank Vetrano, Deputy Assistant Secretary of Risk Management and Regulatory Affairs, noted in “FHA Single-Family Mutual Mortgage Insurance Fund Programs: Quarterly Report to Congress” that Summit Consulting and Milliman, Inc. have been engaged to produce an independent assessment of the MMI Fund’s financial health on behalf of FHA. Mr. Vetrano states that this analysis will “enable FHA to view the MMI Fund through another lens, informing future policy decisions, as the agency continues work to develop more sophisticated and refined internal capabilities.”
The Summit Team has been hard at work developing cash flow models to project future portfolio value and integrating flexibility for them to respond accordingly to the effects of policy changes. Seeing how our work is represented in the Federal government makes it all the more important. We appreciate the opportunity to assist FHA in assessing its programs.