Update: Senate Moves Forward With FHA Reform

by Peter G. Miller
July 7th, 2008
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Late Monday afternoon the Senate voted 76 to 10 to invoke cloture, effectively meaning an end to debate regarding the proposed FHA modernization bill.

The cloture vote moves the Senate closer to final consideration of FHA reform, perhaps Tuesday.

Also on the schedule for Tuesday is an announcement by HUD officials regarding expansion of the FHASecure program.

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