Bill Boosts Home Loan Guarantee to $125,000
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From United Press International
WASHINGTON — The Senate today boosted to $125,000 the size of home loans the Federal Housing Administration can insure as it passed a $67.1-billion spending bill for veterans and housing.
If the House agrees when differences between the Senate’s bill and the House’s version are resolved, the loan guarantee ceiling will rise to $125,000 from the current level of $101,000. The Senate’s bill passed 92 to 8.
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