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 [...]
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There seems to be some varying opinion on how to interpret loan limit increases for Conforming and FHA type mortgages.
I’ve read articles here that suggest a $650k Conforming loan limit while FHA mortgages will set a new limit based on (max) 175% of the subject property’s County Median Home Price, while Matt Carter at Inman [...]
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