Industry News

House passes reverse mortgage bill

Bill would remove limits on number of HUD-insured loans
Published on Dec 15, 2005

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The Reverse Mortgage to Help America’s Seniors Act, sponsored by Reps. Michael Fitzpatrick and Jim Matheson, amends the National Housing Act by removing the existing cap of 250,000 reverse mortgages that HUD can insure at any given time, the association ...

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