This week, Congressman Jerry McNerney, D-Stockton, helped introduce the Stabilizing FHA Loan Limit Calculations Act of 2014. The bill will eliminate the uncertainty created by significant reductions in the 2014 Federal Housing Administrations loan limits.
“The region I represent was particularly hard hit by the foreclosure crisis,” McNerney said. “While the housing market has improved, we owe it to potential buyers to provide access to affordable financing so that hardworking families can purchase homes and we can continue to rebuild our local economy.”
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