Call to Action on Conforming Loan Limits!
(7/15/11) NAR may have an opportunity to get an amendment to a bill that’s being debated on the Senate
floor as early as Monday, July 18th.
Please click on this link for more information: http://www.car.org/newsstand/news/loanlimitscfa/.
FHA and Conforming loan limits will drop DRAMATICALLY on September 30th. Bank of America has already lowered theirs for new loans, and others will follow suit. Early next week the U.S. Senate will consider amending the Military Construction Appropriations bill to maintain the current loan limits for at least another year. The California Association of REALTORS and National Association of REALTORS support this effort.
Please respond to this Call for Action NOW to urge Senators to work to maintain the current loan limits through this amendment or some other means.
https://realtorparty.realtoractioncenter.com/site/Advocacy?cmd=display&page=UserAction&id=1653
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