FHA Loan Limits Increased

We have all been waiting for some relief to our current real estate market conditions, and it arrived today: the new FHA and Fannie Mae- Freddie Mac conforming loan limits have been released by the U.S. Department of Housing and Urban Development (HUD). Read more

FHA Loan Limit Increase Passed by Senate

The U.S. Senate on Friday, December 14, 2007, passed S. 2338, the FHA Modernization Act with a 93 to 1 votes, which will reform the Federal Housing Administration (FHA) to give home buyers a safe, low-cost alternative to subprime loans. This is a huge victory for REALTORS® who have lobbied Congress aggressively all year to pass the FHA reform and provide troubled homeowners with safe and affordable refinancing options. Read more