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WASHINGTON - Even in the midst of a housing recession, one segment of the mortgage market has been booming: reverse mortgages, which provide a line of credit or monthly payments to seniors 62 or older, using an existing home as collateral. Reverse mortgages rose more than 9.5 percent on a dollar basis in the second half of 2006, compared with the first six months of the year, while the number of loans was up 19 percent, the Mortgage Bankers Association says. The Federal Housing Administration, which insures about 90 percent of reverse mortgages, announced a 105 percent jump in the loans from 2000 to 2006. More…