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Today the yearly FHA annual financial report and economic outlook for FY2010 was released from the desk of David H. Stevens. The report including findings showing that the insurance fund grew by more than a billion dollars!! FHA management has made sweeping moves in the last year changing many of their policies and guidelines in preparation for a disastrous year. Among the many changes was credit scoring requirements along with increases in the monthly mortgage insurance. It is quite interesting to note that their capital resources are at their highest level ever at $6.5 billion greater than the independent actuary predicted last year. Also an important note, insurance claim expenses are down 21 percent than predicted and single family loan quality has improved dramatically. The FHA is also focusing on the congressional reserve requirements, as they are still low at .50 percent of total insured loans on their books. They are optimistic that the reserve will reach 1.99 percent by 2015.