Mortgagee Letter 2009-50 was published today by the Federal Housing Administration (FHA) that will extend the resolution recently passed by Congress to keep loan limits for Home Equity Conversion Mortgages (HECM’s) at $625,500 through December 31, 2010.
The letter confirms that Alaska, Hawaii, Guam and the U.S. Virgin Islands will operate under the same $625,500 limit as.
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