Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Fannie Freddie loan limits get temporary extension
WASHINGTON (10/1/10)—Both chambers of the U.S. Congress voted late Wednesday in favor of a bill that would temporarily extend higher loan limits for loans backed by the Federal Housing Administration, Freddie Mac, and Fannie Mae. In effect, the votes extend increased loan limits through Sept. 30, 2011. The current maximum loan limits of $729,750 in high-cost regions would revert back to $625,000 at the end of this year without the extender. The provision was included in a broad continuing resolution that would fund the government through Dec. 3. It has been widely reported that lawmakers want to have time to campaign before a contentious and perhaps pivotal November election and intend to turn their attention back to the federal budget after the elections.


RSS print
News Now LiveWire
.@CUNA OpSS Council bestows inaugural professional award #NewsNow #System http://t.co/xNV3iwSpdx
8 minutes ago
Apartment rental costs continue upward trend via @WSJ http://t.co/LHEAiRJyUj
53 minutes ago
Defense CU Council salutes top #Military #creditunions http://t.co/6BGANSXTXC
2 hours ago
#ICUDay sparks month-long campaigns @GCUAGov @NWCUA celebrating #CUDifference See #NewsNow http://t.co/TWoR6vW4Tj
2 hours ago
Social media use helps CUs establish credibility/authenticity says Amaia Stecker, @CUNA sr. social media media mangr. http://t.co/wWAPeDe7UW
4 hours ago