Sen. Hillary Rodham Clinton, D-N.Y, has introduced another Federal Housing Administration reform bill to enable the FHA to offer zero-downpayment loans, pay its staff better, and increase its investment in technology.In April, the New York senator introduced a bill (S. 2597) that would increase the FHA single-family loan limit in high-cost areas to the $417,000 conforming loan limit. Her new bill (S. 3173) would increase the FHA multifamily loan limit in high-cost areas. "We thank Senator Clinton for her commitment to empowering FHA and providing affordable housing, and we applaud her for her leadership on this important issue," said Mortgage Bankers Association chairman Regina Lowrie.
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