Looks like congress has a bill in place to increase the loan limits for FHA. These were included in the
Economic Stimulus package are set to expire at the end of the year. NAR supports an FHA Reform Bill that includes realistic and permanent increases in the loan limits.
I for one didn't know there was a time frame on this increase. I am glad NAR is out there helping. I am going to to let my Congress Folks know how I feel.
Click here to take action.
Let me know what you think.
J.
Gail So true. Not sure who they work for. The government seems to get shadier by the year.
Sad that Americans let it happen. Before they know it, it will be too far gone.
Sad.
J.
Personally, I feel that I was just kicked in the face when I heard that $20 Billion in tax payer backed funds were used to bail-out Bear Stearns, a Wall Street Investment Banker. Surely this money could have been better spent if it had gone to pay the refinance fees to get everyone with an ARM, no matter what their current credit rating or how far they may be behind in their current ARM mortgage payment, out of their ARM and into a 30 year, FHA fixed rate mortgage!
Comments (10)Subscribe to CommentsComment