CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact reverse mortgages
Housing Wire
JANUARY 5, 2024
The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms on certain spending agreements could force across-the-board cuts to non-defense spending of roughly 5-to-9%. House of Representatives budget committee.
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