FHA
Senator Boxer Calls on FHA Chief to Maintain Higher Loan Limits
By admin - Posted on June 13th, 2008
June 12, 2008 -- Washington, DC – U.S. Senator Barbara Boxer (D-CA) today sent a letter to Federal Housing Administration (FHA) Commissioner Brian Montgomery, urging him to reconsider his recommendation that Congress reduce FHA loan limits from $729,750 to $550,000.
Boxer pointed out that the lower loan limits would reduce access to affordable loans to residents of 99 high cost counties across 18 states and the District of Columbia, including 23 counties in California alone.
The text of the letter follows:
June 12, 2008
The Honorable Brian Montgomery
Commissioner
Federal Housing Administration
Department of Housing and Urban Development
451 7th Street, S.W.
Washington, DC 20410
Dear Commissioner Montgomery: » read more »
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