NAHB Urges Congress to Extend Conforming Loan Limits

On Oct.1, 2011, conforming loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) will be lowered. The disruption that would occur with the lowering of the current loan limits would further damage the already fragile housing market and impede the economic recovery of our nation.

The National Association of Home Builders sent out a Legislative Alert on Sept. 15 asking members of our association leadership to contact their members of Congress and urge their support for immediate efforts to extend the current loan limits. Please join in this effort by telling your elected representatives that a drop in Fannie Mae, Freddie Mac and FHA loan limits would reduce home prices in major markets all across the country and that this is NOT the time to implement measures that would negatively impact the housing market.

Members of Congress can be contacted in two ways – by calling (866) 924-NAHB (6242); or by writing them via NAHB’s Builderlink web page. Contact: Scott Meyer (800-368-5242, x8144)

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