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HUD leaves loan limits unchanged for remainder of 2011

The Department of Housing and Urban Development (HUD) announced today in mortgagee letter 11-29 that current FHA maximum loan limits will remain for the remainder of 2011.

HECM / Reverse mortgage limits will also remain at $625,500 for the remainder of the calendar year.

The full text of the mortgagee letter is available here:  http://portal.hud.gov/hudportal/documents/huddoc?id=11-29ml.pdf

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