Higher Loan Limits Are Needed for FHA, Freddie Mac & Fannie Mae
The House of Representatives has done its part by passing reform proposals for FHA, Freddie Mac & Fannie Mae that make the increased loan limits included in the economic stimulus legislation permanent. This is particularly important for states, like California, that have a high cost market. Evidence shows that the 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 burgeoning recovery will be thrust into an unnecessary 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.
