The Federal Housing Administration went from having a net worth of -$1.1 Billion to a current net worth of +$4.8 Billion. That is a 500% improvement since the 2008-09 mortgage melt down. The improvement has been gained on the backs of those who obtained FHA mortgages since 2008. So, only those American taxpayers, who obtained a mortgage in the last 6 years, have paid the price to recapitalize FHA, not every American taxpayer as the politicians would have you think. These relatively few American taxpayers paid for recapitalization with increased annual mortgage insurance premiums, which have risen to a whopping 1.35% of the mortgage, balance per year. Now that FHA is recapitalized, there are a few in congress who are suggesting that the annual insurance premium be lowered in an effort to stimulate borrowing and home purchases.
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