Conforming and FHA loan limit increase delay

The president was expected to sign the bill to raise the loan limits yesterday afternoon. However, Fannie and Freddie's regulator said before it would happen their risk basing would have to change to account for the new risks. He also added that it would be another month to possibly three months before we saw the change happen. When it does increase it will help our market by allowing 100% financing or 3% down well above $417,000.