Open Letter: GSE Lending Limits Must Be Temporarily Raised Nationwide

Dear members of the United States House of Representatives,

You are currently considering legislation that would raise the lending limits in designated “high cost areas” of the U.S. for loans guaranteed by Fannie Mae, Freddie Mac and FHA back to levels originally established on a temporary basis in 2008. For the reasons discussed below, I encourage you to go beyond this minimal restoration of higher lending limits, and temporarily raise the lending limits not just in “high cost areas,” but nationwide.

Article source: http://www.nationalmortgagenews.com/msn_features/mortgage-lending-limits-1027479-1.html

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