Trump Administration Overturns Obama's FHA Mortgage-Fee Cut

The Trump administration overturned a mortgage-fee cut under a government program that's popular with first-time home buyers and low-income borrowers. A letter from the Department of Housing and Urban Development on Friday said the agency is canceling a reduction announced last week while President Barack Obama was still in office. The Federal Housing Administration had planned to cut its annual fee for most borrowers by a quarter of a percentage point to 0.60 percent, effective on Jan. 27....(read more)

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