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Senate passes FJA bill

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 6 2010

On August 4, the Senate passed H.R. 5981, a bill giving the FHA more flexibility to adjust its premiums for single-family housing mortgage insurance by allowing it to raise its annual premium from the current maximum of 0.55 to a maximum of 1.55