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Federal housing agency to take $1.7 billion bailout

By   /  September 30, 2013  /  Around the nation  /   Comments

(Photo courtesy of the Daily Caller)

Tweet Written by Sarah Hurtubise of the Daily Caller News Foundation The Federal Housing Administration announced Friday that it needs a $1.7 billion bailout from the U.S. Treasury. A federal reverse mortgage program for seniors has lost the federal housing agency $5 billion so far. The deal allows struggling seniors to borrow money against their [...]

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