Not just because of funding cuts
By Kelsey Ramírez
The Mortgage Bankers Association explained that a look at President Donald Trump’s budget, which includes a $6.2 billion cut to the U.S. Department of Housing and Urban Development, makes a political statement of priorities.
In addition to the HUD funding cut, the budget defunds several other agencies such as NeighborWorks America and 18 others.
The budget the Trump administration just released is only a preliminary budget proposal, and the full federal budget will be released later this spring.
