House Comm. Examines Impact on Homebuyers and Housing Market of Conforming Loan Limit Increase
|May 22, 2008|
Washington, DC – House Financial Services Committee Chairman Barney Frank held a hearing to examine the impact of the conforming loan limit increase on homebuyers and the housing market. This hearing focused on the development of the market for “expanded conforming” mortgages created under the Recovery Rebate and Economic Stimulus for the American People Act, which became law in February of this year. The Committee will also examine what steps different market participants have taken to implement the new loan products and what obstacles, if any, stand in the way of its broader acceptance.
Witness List & Prepared Testimony: