Sherman Applauds Higher FHA Loan Limits

Washington DC – November 16, 2011 – (RealEstateRama) — This week Congress is expected to pass legislation championed by Congressman Brad Sherman (D-CA) to extend higher housing loan limits as part of a bill that will fund several agencies through 2012 and the rest of the government on a temporary basis. The bill, known as the “minibus conference report,” includes a provision to extend higher Federal Housing Administration (FHA) loan limits for 2 years in high cost areas of the country.