Restoring FHA loan liquidity: Call your State Senator
NAR Call For Action: The restoration of the FHA loan limits is vital to homeownership, economy
On Oct. 1 the mortgage loan limits declined in 669 counties in 42 states. This immediately reduced mortgage liquidity and home buyers’ ability to obtain a mortgage. The House and Senate are now deciding whether or not to restore the loan limits.
The restoration of the loan limits to their prior levels has been included in an Appropriations bill being deliberated by Congress this week. Senators Brown and Portman are members of the group of Congressional leaders who will decide whether Congress will restore the loan limits. This is why they need to hear from you today.
Please CALL Sherrod Brown’s and Rob Portman’s offices to ask that they support the restoration of the loan limits in the Appropriations Bill.
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