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Loan Modification

: Mortgage Lender Implode-o-Meter

FHA Says $798 Million Needed to Cover Losses on Reverse Mortgage

By Implode-Explode Heavy Industries

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Falling home prices have forced the government to ask Congress for a $798 million taxpayer subsidy to prop up a program that lets senior citizens tap the equity in their homes.

Full post as published by Mortgage Lender Implode-o-Meter on May 08, 2009 (boomark / email).

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