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Generation Mortgage

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House Passes Bill Lowering Reverse Mortgage Benefit, Senate Up Next 

Jul 28, 2009By

The House of Representatives passed HR 3288 late last week by a vote of 255-168, which made appropriations for the Departments of Transportation, HUD, and related agencies for FY 2010. The bill includes two three provisions for reverse mortgages, one which extends the higher loan limit for FY 2010. Sec. 235. For mortgages for which […]