If a rumored large-scale layoff at the Federal Housing Administration (FHA) occurs, it could result in major damage to key programs that mortgage lenders and investors rely on, such as Section 8, Section 202 and even financial losses to the national mortgage insurance fund.

This is according to a former high-level FHA official who spoke with HousingWire and was granted anonymity to discuss sensitive plans still taking shape inside the U.S. Department of Housing and Urban Development (HUD) and FHA.

The impact could be a loss of roughly 200 people inside FHA between the details ⇒

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