### Question
How does NATIONAL HOUSING define capital?


### Answer
Under *12 U.S.C. § 1711*, **capital** is defined as:

> the economic net worth of the Mutual Mortgage Insurance Fund, as determined by the Secretary under the annual audit required under section 1735f–16 of this title

#### Citation:
  - *12 U.S.C. § 1711*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

