Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market.
Antonio Gaines, president of AFGE National Council 222, said Tuesday those cuts will also hit the FHA. AFGE National Council ...
An FHA loan is a mortgage insured by the Federal Housing Administration. This government agency guarantees the loan, but it doesn’t actually lend money. Instead, lenders who participate in the ...
Loans that are insured by the FHA have lower down payment requirements than conventional loans and tend to be a more affordable option for first-time homebuyers. However, even an FHA loan has fees ...
The rumored FHA cuts could cripple programs that mortgage lenders, tenants and homeowners rely on, an ex-agency official told ...
Staffing cuts at the FHA threaten to disrupt an agency that has historically insured more than 10% of the market.
What is an FHA loan? An FHA loan is a type of mortgage insured by the Federal Housing Administration, which is a part of the U.S. Department of Housing and Urban Development. The FHA loan program ...
FHA loans don't come with private mortgage insurance, but borrowers do have to mortgage insurance premiums (MIP), which are slightly different: You'll pay 1.75% of the loan balance up front and ...
At least 40 percent of employees are expected to be terminated at the federal mortgage insurer, an agency within HUD.
As federal agencies look for ways to improve housing affordability, the MBA is calling for a reduction in mortgage insurance ...
"Conventional delinquencies remain near historical lows, but FHA and VA delinquencies are increasing at a faster pace," the ...
The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage ...