Both the Senate and House voted yesterday to extend the current higher loan limits for Fannie Mae, Freddie Mac and FHA loans through December, 2010. The resolution was attached to a continuing resolution that passed late in the day and prevented the higher limits from expiring at the end of the year.
Lawmakers had temporarily raised the loan limits back in 2008 as part of the Housing and Economic Act of 2008 and then again in 2009 through both a HUD mandated guideline and the Economic Stimulus Act up to a maximum of $729,750 for high-cost areas.
To find your individual counties higher loan limits, you can read our blog post at 2009 FHA and Conforming Loan Limit Changes.
Metro Mortgage Company is a federally regulated Mortgage Banker specializing in residential Florida mortgages including Conventional, Jumbo and FHA/VA loans. Visit our home loan approval process page for more information or call us today at 888-617-3674.
Tags: FHA, HUD, legislature, mortgages
Just when you think you have all the bases covered in applying for your mortgage loan, Fannie Mae and Freddie Mac have added another stumbling block into the application process. Seems some unscrupulous individuals figured out that by disputing an account claim and having a notation added to your credit report removed that tradeline from being taken
The internet is a remarkable tool for real estate agents to use in their daily business life. The multitude of website providers and the information available to be used as website content is almost limitless. However, with such use also comes a fair amount of responsibility and accountability on your part as a professional. Flying by the seat of your pants and not taking these two things seriously are the stupidest things you can possibly do as an agent/webmaster.
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Gulf Coast Associates, Realtors specializes in upscale 
After a sizzling first seven months of the year, real estate sales in Southwest Florida remained strong in August. In fact, more homes were sold in the first 8 months of this year (by 13.6%) than in 2005, the biggest sales year ever in Southwest Florida. August marked the fourteenth month in a row sales have climbed in Lee and Collier counties. The 
