Industry News

Higher mortgage limits doomed in the House?

Commentary: Sorry state of housing carries political weight
Published on Oct 25, 2011

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by CareyBot

What are the odds that the U.S. House of Representatives could follow the lead of the Senate and restore the higher conventional and Federal Housing Administration mortgage limits that expired Oct. 1 but had been in place since 2008?

Is there even a sliver of a chance that a Republican-dominated House could chuck Tea Party dogma to the wind and vote to increase the federal government's role in the housing market? You've got to be kidding, right?