Mortgage bankers push for conforming loan limit extension
By admin on Jul 22, 2011 in Topics
Mortgage Bankers Association CEO David Stevens sent a letter to House leaders Thursday urging lawmakers to extend the elevated conforming loan limits for government-backed mortgages.
In 2008, Congress allowed Fannie Mae, Freddie Mac and the Federal Housing Administration to guarantee or buy mortgages worth as much as $ 729,750 in most neighborhoods. The limits will expire Oct. [...]
HousingWire
