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Increased Loan Limts May Be Included In House Bill
By admin | January 24, 2008
Reuter's news agency was announcing late Thursday morning that the U.S. economic stimulus package being hammered out in Congress would include a temporary up tick in the size of loans that Freddie Mac and Fannie Mae would be allowed to purchase.
Republicans on the Hill have agreed to raise the current loan limit of $417,000 for a single family home for one year although there is not yet agreement on how high the limit should go...
Topics: Mortgage News |