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
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
17 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
18 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
20 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
22 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
22 hours ago