Items Tagged with 'Market analysis brief'

ARTICLES

  • Expiration of Higher Lending Limits Under Review

    Unless Congress acts to extend or revise the temporary lending limits for Federal Housing Administration (FHA) loans, the current lending limits will revert back to those determined by the Housing and Economic Recovery Act (HERA), passed in July 2008.   Under HERA, the Federal Housing Finance Administration (FHFA) established the national conforming mortgage limit at $417,000.  HECM lending limits were set at the national conforming limit until the American Recovery and Reinvestment Act (ARRA) increased the HECM limit to $625,500 in 2009, officially established by Mortgagee Letter 2009-50.   The current limits are set to expire on October 1, 2011.
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