Senate Passes HECM Reform Bill

The Senate has passed a Home Equity Conversion Mortgage reform bill by unanimous consent that will give the Federal Housing Administration the authority to quickly fix its troubled reverse mortgage program by issuing mortgagee letters.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Senate-Passes-HECM-Reform-Bill-1037896-1.html

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