Mortgage servicing giant Fannie Mae says it expects the Federal Reserve to make two more quarter-point interest rate cuts before the end of the year, most likely in September and December. If so, the cuts would likely result in lower mortgage rates for the remainder of this year, Fannie Mae officials said. Fannie Mae’s Economic
HUD could see $8.8 billion slashed from its budget under Trump proposal
February 16, 2018 by
The Department of Housing and Urban Development is facing budget cuts that could impact, and even force it to close some of its programs. President Donal Trump’s proposed fiscal year 2019 budget would cut the HUD’s funding by $8.8 billion,
Trump says no to FHA mortgage insurance cuts
January 24, 2017 by
President Donald Trump is suspending a plan to reduce Federal Housing Administration mortgage insurance premiums that was set to take effect on Jan. 27.
