ECONOMY/HUD: "An  hour after Donald Trump assumed the presidency Friday [1-20-17], his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit…
Some Republicans expressed concern that the rate cut could cost taxpayers if the loans started to go sour and the Federal Housing Administration was unable to cover the losses. The agency needed a $1.7-billion bailout from the U.S. Treasury in 2013 after it expanded its role last decade after the collapse of the subprime mortgage market."

 – “HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office,” The Los Angeles Times online, Jan. 20, 2017, Andrew Khouri, 1/20/2017