Mass terminations across the federal government expected to hit federal mortgage insurer
The Federal Housing Administration (FHA) is preparing to lay off 40% of its workforce, as first reported by Bloomberg News, citing “two sources familiar with the agency’s plan.” Secretary of the U.S. Department of Housing and Urban Development (HUD), Scott Turner, announc...
Homeownership may be a harder sell as rents soften across the nation
Once upon a time, it was January 2024, and there were six major metro areas in the U.S. where it was cheaper to buy the median-priced home than it was to rent. As of last month, only two of those six remain — meaning mortgage originators may be finding it more of an uphil...
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