Bloomberg News reports HUD is considering shutting down dozens of field offices, potentially leaving 34 states and DC without sites or staff to underwrite mortgages. Federal law requires HUD to maintain at least one office in every state to ensure the adequate processing of applications for insurance of loans and mortgages.
Why it matters: This move could significantly impact the FHA’s operations, affecting its ability to process applications and provide services.
- Regional offices would remain open in Atlanta, Boston, Chicago, Denver, Fort Worth, Kansas City, and Philadelphia.
- Field offices to remain open include: Anchorage, Alaska; Greensboro, North Carolina; Honolulu; Jacksonville, Florida; Los Angeles; and San Juan, Puerto Rico.
