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Loan Modification

: Mortgage Lender Implode-o-Meter

NAR Urges Congress, Administration to Approach Changing FHA Slowly

By Implode-Explode Heavy Industries

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"NAR strongly supports H.R. 2483, the "Increasing Homeownership Opportunities Act." Current FHA loan limits are as high as $729,750 in high-cost areas, and are set to expire at the end of the year and revert to lower amounts, greatly hindering the housing recovery process. A decrease of current limits would adversely affect 612 counties in 40 states and the District of Columbia."

Full post as published by Mortgage Lender Implode-o-Meter on March 15, 2010 (boomark / email).

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