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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

President Signs Omnibus Spending Bill; Increases FHA MF Loan Limits

December 27, 2007

On Wednesday, December 26, President Bush signed H.R. 2764, the "Consolidated Appropriations Act," that will fund the federal government for the remainder of FY 2008.  The omnibus spending bill includes an increase in the FHA multifamily loan limits, which are determined by the size of the unit, the type of structure and the project location. 

H.R. 2764 increases the limit to 170 percent in high cost areas and 215 percent on a case-by-case basis.  HUD will need to amend its current factors and issue a Mortgagee Letter to provide appropriate percentages for each office.  The Special limit areas (Alaska, Hawaii and the Virgin Islands) will remain at 260 percent.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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