Bank and thrift lenders won a hard-fought victory May 26 as a panel of the House Banking Committee reported out housing reauthorization legislation that defers action on a proposal that would raise the ceiling on FHA-insured loans to the same level as allowed on conventional mortgages, $203,150.

Lenders and mortgage insurers will now have to sustain that momentum during markup of the legislation before the full House Banking Committee, action now scheduled for the week of June 16.

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