Higher Mortgage Limits Should Expire On Schedule, Donovan Says
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Limits on the size of mortgage loans backed by the U.S. government can return to pre-crisis levels without hurting the still-fragile housing market, Housing and Urban Development Secretary Shaun Donovan said.
“We continue to be convinced that this is the right step to take now and that it’s not going to have a major impact on the market going forward,” Donovan said in an interview with Bloomberg Television’s “Conversations with Judy Woodruff,” to be broadcast this weekend.