Housing agency reports record financial cushion as it braces for market downturn

Econ & Housing

The Agency CEO Mauricio Umansky weighs in on the housing slowdown, telling ‘Cavuto: Coast to Coast’ high interest rates are really affecting homebuyers. A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn. The audit, released by the Federal Housing…

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