1836 Blog

Trump Already Suspends Obama-Era FHA Mortgage Insurance Cut

Trump Already Suspends Obama-Era FHA Mortgage Insurance Cut
By Andrea Riquier

The Federal Housing Administration said Friday it would roll back a cut in mortgage insurance premiums announced just days ago under outgoing Housing and Urban Development head Julian Castro.

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The contentious cut would have saved the average borrower about $500 per year and cushioned the market against rising rates.

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