Industry NewsMortgage

Schwarzenegger joins push to raise conforming loan limit

Governor: Half of Californians can't get GSE-backed loans
Published on Jan 23, 2008

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by CareyBot

Breaking with the Bush administration's position, California Gov. Arnold Schwarzenegger has added his voice to the chorus clamoring for an increase in the $417,000 conforming loan limit, the ceiling for mortgages eligible for purchase or guarantee by Fannie Mae and Freddie Mac.

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