Congress votes to restore FHA loan limits

Fannie and Freddie excluded from proposal

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Lawmakers have voted to restore loan limits for the Federal Housing Administration to pre-Oct. 1 levels, but the reprieve won’t apply to Fannie Mae and Fannie Mac.

House and Senate leaders signed off Monday on a conference report for a "minibus" appropriations bill that included language restoring FHA’s ability to insure loans of up to $729,750 in high cost markets through 2013.