Well, today I had the distinct opportunity to be at a meeting with a couple of representatives from Fannie Mae. According to these representatives HUD has 30 days from the day the President signed the package into law to identify the impacted Metropolitan Statistical Areas (MSA's). In other words HUD will determine new loan limits based on median area sales prices. So this will delay the loan limit changes until probably March or April.

It's hard to say when exactly the change will happen since we are all waiting on HUD and Fannie Mae/Freddie Mac to update guidelines. Hang in there
people and let's continue to work diligently!

I heard loudly today we(orginators) still can make an impact by writing our state Representative to let them know we need this sooner than later.

This is an urgent request for your help.  Only you and the members of Congress can make this desperately needed change.  Please respond to help our state's residents and economy as a whole begin to recover from the credit crisis.