Latest News:
Updated Guide: How to get low-income apartments with no waiting list - June 29, 2022
House proposes 140,000 new Section 8 vouchers for FY23 - June 28, 2022
New Section 8 Waiting Lists - June 27, 2022
Mutual Mortgage Insurance Fund (MMI)
The principal accounting fund used by the Federal Housing Administration (FHA) to insure mortgages. When a borrower defaults on a mortgage, the FHA covers the lender's loss with money from the MMI Fund.
Related Definitions:
© 2002-2022 ApartmentSmart.com, Inc.
Affordable Housing Online is not affiliated with any housing authority or apartment community, and does not manage any affordable housing programs.
