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  • Sources: Trump plans repeal of FHA mortgage insurance premium cut

    With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.

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Legacy home lending issues trouble Citi, BofA

Bank of America and Citigroup have suffered setbacks in their attempt to escape a troubled legacy of problems from the financial crisis with renewed worries over legal costs and doubts over profitability.

The two U.S. banks, the most scarred survivors from the 2008 crisis, both reported earnings that missed market expectations.


Source: Financial Times
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