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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.

Reviled and revered, TARP expires

When the clock struck midnight, the Treasury Department's much-maligned Treasury Asset Relief Program, or TARP, expired Monday. The $700 billion program was engineered to stave off an economic collapse, as banks — large and small — across the country started buckling from the weight of the mortgage crisis. For the past two years, its detractors have referred to TARP as a four-letter word and argued that it helps only Wall Street, not Main Street. But many of those who helped craft the program — from Congress to those within Treasury — maintain that TARP ultimately cost very little and was absolutely necessary at the time.

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