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Home » Store » News » HECM Could be Self-Sustaining by Fiscal 2011

HECM Could be Self-Sustaining by Fiscal 2011

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Although the FHA’s Home Equity Conversion Mortgage program sustained heavy losses in fiscal 2010, the program could be self-sustaining by next year thanks to house price changes and the new HECM Saver product, the Department of Housing and Urban Development said in its annual financial report to Congress last week. According to the much-anticipated report...[Includes one data chart and one graph]
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