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Jan.24
4:46 PM ET
Thursday, 24 Jan 2008
GSE Limit Correction: Good News For Re-Fi
Posted By:Bob Pisani
Topics:Congress | Investment Strategy | Stock Market
House Financial Services Committee says Pelosi press release had an error in the GSE limits. It would NOT be $625,000 blanket limit, but what Barney Frank had been advocating earlier: loan limits for GSEs AND FHA would be 125 percent of the local median home price to a maximum cap of $730,000.
This is still good news for those who might be looking to refinance in high-cost areas.
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