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Legislation

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House Passes HUD Budget, Ranking Members Voice Support for HECM Program 

Jul 30, 2010By

The US House of Representatives passed the Transportation, Housing and Urban Development (THUD) appropriations bill for FY 2011 by a vote of 251 to 167 on Thursday. When the debate began, the Federal Housing Administration’s reverse mortgage program had a $150 million appropriation but passed with $140 million.  While the number may be lower, debate among members of […]