Obama signs extension for higher FHA loan limits

Obama signs extension for higher FHA loan limits

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 · The U.S. Congress passed and President Obama signed into law on Nov. 18 a bill to reinstate the Federal Housing Administration loan limit in high-cost areas for two years.

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President Barack Obama signed a bill Friday that reinstates the recently expired higher loan limits that were in effect for FHA and VA loans through December 31, 2013 but does not provide this.

A compromise federal spending bill signed. area, FHA loan limits will return to the $335,000 cap set in 2008 as part of a stimulus bill. The loan limit had fallen to $302,450 on Oct. 1 when the.

We are not eligible for a no-down-payment VA mortgage, and the FHA loan limit is too. mortgage. We signed the papers under protest. Should we complain? A-Yes. There is no valid reason for a first.

And, for the first time, consumers have federal protection from opaque lending practices. attacks against her are “a sign of how effective we have been; they want to stop that,” she said. Democrats.

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Obama signs extension for higher FHA loan limits « HousingWire. housingwire.com President Obama signed into law a government spending bill Friday morning effectively reinstalling higher conforming loan limits for the Federal Housing Administration through the end of 2013.

FHA.com Reviews. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier.

Obama’s fiscal 2014 budget request said the FHA would probably need $942 million. Galante said her agency needs more money from the Treasury now because higher interest rates have discouraged.

The program was set up to be self-sustaining, though during times of higher-than-average. On July 6, 2012, President Obama signed the biggert-waters flood insurance reform Act of 2012 extending the.

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 · ”Restoring the higher loan limits for the FHA will provide homeowners and homebuyers with safe and affordable financing, while providing a much-needed boost to.

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