Tuesday, June 3, 2008

Higher Loan Limits

The House of Representatives has passed reform proposals for FHA, Freddie Mac & Fannie Mae that include the increased loan limits of the economic stimulus legislation permanent. This is very important for states, like California, that have a high cost market. Increased FHA/GSE loan limits are providing a much needed infusion of stability, liquidity and security into the market. If the Senate doesn't insist on higher limits, the recovery will be thrown into a period of additional turmoil.
Don't let the Senate stop progress through inaction. Tell Senators Boxer and Feinstein that realistic and permanent loan limits help all areas of the country and are needed now.

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San Fernando Valley Real Estate



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