Trump Accelerates Mass Firings of Federal Workers
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US President Donald Trump is said to be planning to fire at least 40% of workers at the Federal Housing Administration, which provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one.
Photographer: David Ryder/Bloomberg
US President Donald Trump is said to be planning to fire at least 40% of workers at the Federal Housing Administration, which provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one. One of the largest mortgage insurers in the world, the FHA helps American homebuyers secure a loan if they can’t afford a down payment or have below-average credit scores.
It would be the latest in a series of mass firings of federal employees by Trump. The news comes just days after the Department of Housing and Urban Development, the FHA’s parent organization, announced it would terminate half of its workers at Trump’s direction. The Trump administration said the 40% figure is “not accurate.”