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H.R. 5153, The Conforming Loan Limit Temporary Adjustment Act of 2008 (1 comment ↓)

H.R. 5153 would increase temporarily the conforming loan limits of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation in certain areas, enhance mortgage market liquidity.

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Budgets, Federally-assisted loans, Finance, Housing, Housing finance, Mortgages, Secondary mortgage market

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Phillip

This is a common sense bill. With the high cost of housing in these States we are desperately needing a law changing the limits to reflect the present market, not one that reflects the Market of the 1990's. The only ones that will benefit from this not becoming a law would be lending institutions.

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