Obama Reinstates Higher FHA Mortgage Loan Caps
Both houses of Congress passed a broader spending bill Thursday that included a provision to restore the maximum size of a mortgage the FHA can back in more expensive cities to $729,750, instead of the lower $625,500 instituted on Oct. 1. The new provision will last until December 2013.
“The expiration of these limits was...
To view the full article, register now.