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Home Equity Conversion Mortgage Program (HECM) Fact Sheet
from Congress for FHA to endorse new reverse mortgages in FY 2018. Since 1934, FHA’s single family insurance fund has always been a self-sustaining, operating entirely on the premiums homeowners pay—with the exception of one year. In FY 2013, FHA required a one-time $1.7 billion mandatory appropriation from the Treasury to
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