Monday, December 15, 2008

2008 FHA Loan Limits to Extend

The 2008 loan limits for FHA, Freddie Mac, and Fannie Mae will expire on December 31, 2008. NAR and several Congressional supporters have been working to extend this deadline, but it is unlikely to happen before the expiration date. However, Rep. Barney Frank (D-MA) this week announced that he expected the 2008 loan limits to be restored as soon as the 111th Congress convenes in January.

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