House and Senate

High-Cost Loan Limit Extension

On September 29, the House and Senate each passed a continuing resolution which includes provisions to extend the current HECM, GSE, and FHA loan limits for high-cost areas through September 30, 2011.  The loan limit caps are currently set to expire at the end of this year.  President Obama signed the continuing resolution on September 30. Continuing Resolution. Summary of Continuing Resolution.