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FHA Lenders Brace for Lower Loan Limits
Industry groups are lobbying Congress to freeze FHA loan limits for high-cost housing markets at current levels, even as the government has announced significant reductions for almost every major market in the U.S. The Department of Housing and Urban Development on Nov. 7 released new high-cost loan limits for 2009 that take into account the reduction in the maximum single-family... [Includes two charts]
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