Six-month Anniversary: Will HUD Implement FHA Mortgage Insurance Premium Cut?
Six-month anniversary: Will HUD implement FHA mortgage insurance premium cut?
Six months ago today, President Donald Trump became the 45th president of the United States, but today also marks the six-month anniversary of the suspension of a mortgage insurance premium cut.
On inauguration day this year, just one hour after Trump was sworn into office, the U.S. Department of Housing and Urban Development stated a Federal Housing Administration mortgage insurance premium cut would be suspended. In fact, the suspension was the new administration’s first order of business after taking office.
Right before leaving office, the Obama administration cut FHA mortgage insurance premiums, marking the second time it reduced …