The U.S. House of Representatives has passed The FHA Reform Act of 2010 (H.R. 5072) on a vote of 406-4. The measure is primarily aimed at homeownership and keeping the Federal Housing Administration viable in the long-term. The measure changes the way loan limits are calculated for Elevator-type Structures and in Extremely High-cost Areas. The measure has been referred to the Senate Committee on Banking, Housing, and Urban Affairs where it awaits consideration. Read More…