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U.S. higher home loan limits should expire -FHA

Posted on 09 September 2011

Carol GalanteThe U.S. government should allow the caps on the size of mortgages it will back to return to pre-financial crisis levels in order to revitalize the role of private lenders in the home loan market, an Obama administration housing official said on Thursday.
Congress had raised the caps to $729,750 in high-priced real estate markets in 2008 in a move to provide liquidity following the subprime mortgage meltdown……………………………………….Full Article: Source


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