Industry Lobbying for Loan Limit Extension in Appropriations Bill, Lawmakers Urged to Act Soon
August 11, 2011
The real estate industry may try to push for a loan limit measure in an appropriations bill after Labor Day but whether that will result in an extension of the current temporary high-cost area loan limit is unclear, industry sources say. Industry strategists are said to be considering an attempt to use the next budget bill as a vehicle for a provision extending the existing maximum loan limit of $729,750, but there are concerns about this approach. Piggybacking an extended loan limit proposal on to a budget bill would be difficult given the bitter ...