Trump’s First Executive Action Sends Shock Waves
President Trump’s first executive action sends shock waves through the financial industry. By suspending the 0.25 percentage point premium rate cut for Federal Housing Administration-backed loans, Trump’s first executive action directly affects the Mutual Mortgage Insurance Fund, which is designed to bail out lenders if borrowers default on their mortgages. This was a surprising change since most expected the new president’s first actions to be focused on immigration and health care. Click here to read more.