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Coburn Amendment to S. 2338 FHA Modernization Act- A provision in the FHA Modernization Act permanently waives the cap for the Federal Housing Administration to insure a limitless number of “reverse mortgages.”  The Coburn amendment would delay waiving the cap permanently until the Government Accountability Office (GAO) has submitted a report on the program — which is required by the bill.

Click here to read more about the amendment.