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Congress Passes Extension of Higher Reverse Mortgage Loan Limits

Oct 30, 2009By

Late last night, the House and Senate passed an extension of the $625,500 loan limit for reverse mortgages through December 31, 2010.  Loan limits for the Home Equity Conversion Mortgage (HECM) would’ve returned to $417,000 at the end of the year if the extension wasn’t passed. Also included in the continuing resolution (H.R. 2996), was […]