Evidence is incomplete or still developing; a future update may resolve it. Learn more in Methodology.
ITDC’s independent actuarial review reports for FY2025 state that the estimates used to calculate the MMI Fund capital ratio are reasonable.
Available official HUD documentation confirms that an independent actuarial review is conducted annually for FHA’s Mutual Mortgage Insurance Fund and that FY 2025 actuarial review reports for the forward and HECM portfolios exist, but the underlying FY 2025 actuarial review PDFs and other primary documents are not yet accessible or indexed in a way that allows verification of the actuary’s identity or conclusions. A secondary reposting of HUD’s press release on PublicNow repeats the claim that IT Data Consulting (ITDC) served as the independent actuary for FY 2025 and that its review confirmed the reasonableness of the estimates used to calculate the capital ratio, but this is derivative of the same HUD press release cited in the original article and does not constitute independent corroboration. Without direct access to the FY 2025 actuarial review reports or contracting records naming ITDC as the actuary and documenting its findings, the claim cannot be definitively verified at this time. The verdict is Unclear because key primary-source documents needed to confirm both ITDC’s role and the precise language of its opinion are currently unavailable.