The House of Representatives passed the annual housing appropriations bill Thursday, extending the higher FHA loan limits for high-cost areas through September 2010. The bill also requires the Department of Housing and Urban Development to reduce the amount of home equity a borrower could convert to cash through a reverse mortgage. The permanent $625,500 limit for Fannie Mae, Freddie Mac...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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