Monday, March 24, 2008

Congress, Competence and Combat Veterans

Did ya read how Congress included increased maximum mortgage limits in high-cost areas for Fannie Mae, Freddie Mac and FHA loans in the recently enacted stimulus package but did NOT include increased maximums for VA loans?

While the limits of the other three programs now extend to $729,750 in the highest-cost areas, including Washington -- at least through Dec. 31 -- VA loans remain capped at $417,000.

Hmmm...yeah we support the troops & actually read legislation we vote on.


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