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Home » Store » News » Senate Votes to Return to Higher Loan Limits; House Might Go Along for FHA, But Not GSEs

Senate Votes to Return to Higher Loan Limits; House Might Go Along for FHA, But Not GSEs

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The mortgage lending industry is more likely to see a return to higher FHA loan limits than higher Fannie Mae and Freddie Mac limits, after the Senate gave its approval to legislation that would restore higher conforming loan levels all the way around, according to one top industry lobbyist. Late last week, the Senate voted 60-38 to approve a federal spending bill that included an amendment sponsored by Sens. Bob Menendez, D-NJ, and Johnny Isakson, R-GA, that would reinstate the higher loan limits for the government-sponsored enterprises and the FHA that ended on Sept. 30. Those limits dropped from a maximum of...
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