U.S. House of Reps moves to rebuild FHA coffers

WASHINGTON, June 10 (Reuters) - The U.S. House of Representatives on Thursday approved a bill to shore up the finances of the cash-strapped Federal Housing Administration while also backing a measure to raise the loan limits for FHA-backed mortgages used to develop some apartment buildings.

In a 406-4 vote, lawmakers approved legislation to strengthen the FHA's finances by giving it authority to nearly triple the annual fees it charges to borrowers, known as mortgage insurance premiums.