California Congressmen Hope to Bolster Market Recovery by Maintaining Elevated Loan Limits
June 3, 2010
Two California Congressmen are pushing legislation they introduced last year that would make permanent the maximum conforming loan limit of $729,750 in the highest-cost markets of the country beyond the end of this year. Barring Congressional action, the top conforming loan limit will drop down to $625,000 in 2011. “We have a fragile recovery. Nothing could...