As part of the economic stimulus package in 2008, temporary loan limits were enacted to help homeowners in high-cost areas that were unable to get loans for more than $417,000 under the standard conforming loan limits regardless of their payment history, credit and income. Homeowners in areas such San Francisco, New York and Los Angeles [...]
Tag Archive | high-cost loans
Lawmakers Introduce Bill to Extend Higher Conforming Loan Limits
By Trace Richardson
Published July 22nd, 2011
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Trace Richardson
I'm Trace Richardson and I'm the founder of LeadPress. The LeadPress platform is the most powerful and customizable mortgage lead generation platform available today for brokers and bankers alike. I’m a former California Real Estate Broker and equities trader previously holding the Series 7, 63, 55 and 24 securities licenses.
