Big news about the Federal Housing Administration (FHA)! The FHA helps people get home loans, even if they don't have a lot of money saved. It's been insuring loans for many years, helping millions buy homes.
- The FHA might lay off many workers – around 40%!
- This could slow down how quickly people get their loans.
- Slower loans might make it harder for some people to buy homes.
| Fact | Number |
|---|---|
| Percentage of FHA workforce facing layoffs | 40% |
| Percentage of FHA loans to first-time homebuyers last year | 80%+ |
| Percentage of purchase mortgages FHA insured last year | 14.5% |
