Senate Passes GSE Reform:

On Thursday (2/7) thanks in part to the lobbying by C.A.R. and NAR members; the Senate passed their version of an economic stimulus package that includes the same increases to the conforming loan limits for both GSE and FHA.  According to C.A.R. sources, the President is expected to sign the legislation before February 15th.  This legislation will increase the FHA limits to as much as $729,750 in high-cost areas. 

Source:  Bay East

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