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Legislation

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FHA Reverse Mortgage Appropriation Passes Out of House Subcommittee 

Jul 11, 2010By

The U.S. House of Representatives Transportation, Housing and Urban Development, and Related Agencies Appropriations Subcommittee approved the FY 2011 budget and now heads to the full Appropriation Committee. The subcommittee included a $150 million to support the HECM program during FY 2011 according to the National Reverse Mortgage Lenders Association.  Congressman John W. Olver (D-MA), Chair […]