White House plans call for half of the staff at the Department of Housing and Urban Development to be cut.

Can HUD, FHA and Ginnie survive with 50% fewer workers? Fasten the seat belt and put on your helmet. We may soon find out.

Some servicing advisors believe that, at the very least, Ginnie approvals on sale of MSRs will slow.

The Trump administration is expected to put an early focus on reducing regulation and improving efficiency at federal housing agencies.

The pause was ultimately rescinded following court injunctions. In the meantime, participants in government-insured mortgage programs faced uncertainty.

The Trump administration’s failure to name acting directors for key federal agencies leaves them either under the control of Biden appointees or without a presidentially appointed leader.

For hours, it was unclear whether a White House memo freezing federal funding would impact mortgage programs. In the meantime, government agencies announced that their single-family mortgage programs were unaffected by the planned funding pause.

A former GSE regulator said if the new administration isn’t willing to reduce FHA premiums, it should reset expectations for the capital ratio of the MMIF.

With a new federal administration in charge, the MBA renewed its calls for reductions to FHA premiums. However, the Trump administration is unlikely to cut premiums.

The new policies were established days before the end of the Biden administration and won’t take effect until February 2026. The policies won praise from industry trade groups.