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White House anticipates increase in reverse mortgages for 2023 budget
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Legislation, Nonbank Financial
Wednesday, April 27, 2022
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In the 2023 budget proposal submitted to Congress, the White House has indicated it is anticipating strong performance for the Home Equity Conversion Mortgage (HECM) program.
The Department of Housing and Urban Development has made legislative proposals to Congress relating to reverse mortgages to coincide with the White House budget.
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