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February 22, 2008
New Loan Limits Coming by March 7?
HUD expects to issue the new loan limits for Fannie Mae, Freddie Mac, and Federal Housing Administration loans by March 7. Congress raised the loan limits as part of the economic stimulus bill that President Bush signed on Feb. 13. And lenders are waiting for HUD to compute the new loan limits, which are based on 125% of median home prices, with a $729,750 cap.
Posted by S. Germain at February 22, 2008 08:35 AM