Jr.'s Blog

With the conforming loan limits expected to drop in October, the California Association of Realtors (CAR) warns of the impending harm to homeowners, while the only private-label securitizer left notified investors of more opportunities.

"By reducing the conforming loan limit, thousands of California homebuyers will be shut out of homeownership," CAR President Beth Peerce said. "The higher mortgage loan limits are critical to providing liquidity in today’s housing market and are essential to our housing recovery. We urge Congress to maintain the current limits and make them permanent to provide homeowners and homebuyers with affordable financing and help stabilize local housing markets."

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