Extension of the $729,750 Maximum Loan Limits | Bay Area Mortgage Lending
October 12, 2009
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The U.S. House of Representatives has approved an extension of the $729,750 maximum loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) through September 2010 for single family properties. These loan limits would otherwise expire at the end of December 2009 under the terms of the economic stimulus legislation signed by President Obama in February.
This extension is included in legislation passed by the House and now being considered by the Senate, H.R. 3288, “The Transportation, Housing and Urban Development, and Related Agencies Appropriations Act for Fiscal Year 2010.” MAA strongly encourages you to take action now and contact your members of the Senate to support this key legislation to the real estate finance industry.
Click here to take action. If you need to update your home address, you will be prompted to do so before being taken to the Action Center. If you don’t have, or forgotten your username and password, click on “forgot password” to get started.
Remember, being a MAA member is free, easy and totally voluntary. MAA is the premier grassroots lobbying organization of the real estate finance industry. The mission of the Mortgage Action Alliance is to further build a network of individuals dedicated to strengthening the industry’s voice and lobbying power in Washington, DC and state capitals.
If you’re not a MAA member, please join by clicking here to take action. Taking action will start or renew your free MAA membership for one year.
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
