America’s largest mortgage insurer denies report that its staff will be halved. Here’s what it does
CNN
Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market.
Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market. On Tuesday, Bloomberg reported that President Donald Trump’s administration plans to lay off at least 40% of the workers at the Federal Housing Administration (FHA). However, a government spokesperson denied plans to lay off such a significant portion of the FHA’s workforce. “Suggestions FHA will cut about half its workforce are not accurate,” a spokesperson from the US Department of Housing and Urban Development (HUD), which oversees the FHA, told CNN. The spokesperson did not confirm or deny that layoffs were coming to the department, though. Last week, newly confirmed HUD Secretary Scott Turner announced that the agency would launch a US Department of Government Efficiency (DOGE) task force. “Thanks to President Trump’s leadership, we are no longer in a business-as-usual posture and the DOGE task force will play a critical role in helping to identify and eliminate waste, fraud and abuse and ultimately better serve the American people,” Turner said in a statement on Thursday.
When people think of Social Security, they typically think of monthly benefits — for the roughly 69 million retirees, disabled workers, dependents and survivors who receive them today.
The Trump administration is moving ahead with its plan to kill New York City’s congestion pricing – a controversial program designed to help raise millions in critical infrastructure funding.
President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed.
Ticket prices for the highly anticipated 4 Nations Face-Off Championship between Canada and the United States are rivaling those of the Super Bowl.
KFC, the fast food chain formerly known as Kentucky Fried Chicken, is leaving the state where it all began.
Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market.
The crash landing of Delta Air Lines flight 4819 in Toronto is some of the scariest video I’ve ever seen. While thankfully there were no fatalities, videos like that are the stuff that nightmares are made of.
President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2.
HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.
President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2.
Regional jets are despised by many passengers. They’re uncomfortable and cramped, with little space for both carry-on luggage and people. The good news is their use is on the decline, but the bad news is, for many routes, there’s no choice but to fly them.
The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS data systems right in the middle of tax-filing season.
xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup works to keep pace with the reasoning and search capabilities in competitors’ models.