A Knowledgeplex headline in the right pane of my blog caught my attention this weekend: " Negotiators Resolve FHA Obstacle".
In reading the Congressional Quarterly story HERE headlined by Knowledgeplex,it appears that House Financial Services Chair Barney Frank has agreed to drop the housing trust fund provisions of the House passed FHA reform bill so that a bill reconciled with the Senate passed version can move forward. The CQ story notes that the Budget Committee has been asked to provide additional budget authority to hire staff for FHA to deal with increased loan volumes and that the sole remaining obstacle to passage of a reconciled bill may be differing loan limits found in the Senate and House bills.
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