According to a report from MortgageDaily.com, H.U.D. spokesman Lemar Wooley states that FHA loan limits may rise by March 1st 2008.
Amidst the quagmire of explanations regarding new conforming and FHA loan limit interpretations and implementation schedules, Mr. Wooley offers the most succinct language yet:
“In areas where the median home price is above $583,800, the [...]
Project Lifeline, increasing Conforming and FHA loan limits, rate freezing…*Yack*
The parables are mounting up in the face of Congress’ threat to move H.R. 3609, The Emergency Home Ownership and Mortgage Equity Protection Act of 2007, and Senate (S. 2136, The Helping Families Save Their Homes in Bankruptcy Act of 2007), crafted to inoculate homeowners against [...]
On your mark, get set…Close!
Conforming and FHA loan limits are set to rise substantially, at least for a little while. ‘The economy sucks’, thus interest rates and their underlying indices shall remain low. Fertile grounds for a mini boom of refinancings and purchases are being tilled.
This time around borrowers and mortgage professionals can expect logical [...]