Just hours after his inauguration, HUD issued an order to suspend the reduction of Mortgage Insurance Premiums. This suspension does not come as much of a surprise, as President Obama had ordered a second reduction of these premiums just days before his second term concluded.
Ben Carson, the Trump administrations presumptive Secretary of Housing and Urban Development, said that the Trump administration plans to “really examine” the Obama administration’s decision to cut FHA premiums before determining a course of action.
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