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The National Association of Realtors is regularly communicating with us to do our part in being more vocal with our Washington representatives. Specifically, legislation to make FHA single family mortgages and loans more competitive and viable again has been a major initiative of the NAR.
Although we have recently learned that the nationally proposed increased FHA mortgage limits and lower FHA downpayment requirements have not been passed for 2008, these initiatives must stay on our front burners and our Washington reps need to hear from us.
The higher cost areas around the country have the same Fannie Mae and Freddie Mac loan limits as everywhere else. This has made it very difficult for thousands of families to buy homes in these areas. There is no legitimate reason why Washington should not allow for regional adjustments so that these disparities go away. Please see the links below to have your voice heard on these critical issues that will continue to negatively impact our livelihoods until changes are brought to pass.
http://takeaction.realtoractioncenter.com/campaign/fha_gse_reform/8gen66u4977e36t6?
http://takeaction.realtoractioncenter.com/campaign/fha_gse_reform/8gen66u4977e36t6?
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