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What Economic Stimulus Means to REALTORS®
Stimulus Bill Will Help Stabilize Housing and Mortgage Markets
Washington, May 9, 2008 - The National Association of Realtors® congratulated House Committee on Financial Services Chairman Barney Frank, D-Mass. on his leadership and the U.S. House of Representatives for voting to pass H.R. 3221, The Foreclosure Prevention Act. Their actions will help bring stability to the housing market and stem the rising rate of foreclosures. Read more>
NAR Joins Call to Stabilize Mortgage Market
WASHINGTON, May 06, 2008 - The National Association of Realtors®, in a letter to members of the U.S. House of Representatives, urged Congress to make the FHA and conforming loan limit increases permanent as part of the 2008 Housing Stimulus bill, which is expected to be marked up this week. Read more>
NAR's Chart of New FHA and GSE Loan Limits>(PDF: 239K)
Specifies the new FHA and GSE Loan Limits for every county in the United States.
To verify through HUD, visit https://entp.hud.gov/idapp/html/hicostlook.cfm and enter your state and/or county and the type of limit you want to find in the drop-down menu called "Limit Type" (FHA, HECM, Freddie Mac/Fannie Mae).
FHA Mortgage Limit Database>
HUD-based site that provides county-by-county loan limit information via an interactive US map.
Fannie Mae and Freddie Mac Underwriting and Related Requirements for "Jumbo Conforming" Mortgages>
OFHEO's New Higher GSE Conforming Loan Limits> (PDF: 21K)
The Office of Federal Housing Enterprise Oversight's chart of Fannie Mae/Freddie Mac conforming loan limits for high cost areas.
Official HUD Mortgagee Letter (2008-6) Announcing the New FHA Loan Limits> (PDF: 23K)
HUD Guidance to lenders specifying the affected FHA programs, the "base" and "high cost" limits, and special exceptions.
NAR Supplemental Materials
Chart of Adjustable Rate Mortgage Resets for 2007-2008
Market Update Memo>, March 4, 2008 (PDF: 475K)
Related NAR Press Releases>
NAR Letters to the U.S. Congress and Federal Agencies>
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