HUD Issues Mortgage Letter on FHA Loan Limits
September 8, 2011
The U.S. Department of Housing and Urban Development announced changes to the loan amounts for FHA-insured loans effective Oct. 1, 2011 through the end of the year. However, if legislation is enacted to extend the current FHA-insured loan limits, which expire on Sept. 30, HUD said it will publish a Mortgagee Letter defining the most recent loan limits for both FHA-insured forward mortgages and HECMs.
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