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Washington
Inside Washington (11/10/2008)
* WASHINGTON (11/11/08)--The House Financial Services Committee announced its witness list for its upcoming hearing, "Private Sector Cooperation with Mortgage Modifications-Ensuring That Investors, Servicers and Lenders Provide Real Help for Troubled Homeowners." On Wednesday, the following witnesses are scheduled to testify: Benjamin Allensworth, senior legal counsel, Managed Funds Association; Thomas Deutsch, deputy executive director, American Securitization Forum; Michael Gross, managing director, Loan Administration Loss Mitigation, Bank of America; and Molly Sheehan, senior vice president, Home Lending Division, JPMorgan Chase ... * WASHINGTON (11/11/08)--The Federal Housing Finance Agency (FHFA) announced Friday that the conforming loan limit will remain $417,000 for 2009. The loan limit is the maximum size of loans that Fannie Mae and Freddie Mac can purchase in 2009. The limit was left unchanged based on declines in FHFA’s monthly and quarterly house price indexes over the past year...


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