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Urgent Call to Action for California Residents, Realtors, Mortgage Brokers, Lenders, Bankers and Loan Officers Leave a comment »
Call-for-Action!The California Association of Realtors (C.A.R.) and the National Association of Realtors (N.A.R) Need Your Help to Increase Public Access to FHA and GSE Loan Products!Contact Senator Boxer Today!
C.A.R. and NAR are SUPPORTING Senate Bill 2338 (Dodd) which, among other things, increases FHA loan limits to 100% of conforming loan limits (current loan limit is $417,000) C.A.R. and NAR are also urging the U.S. Senate to introduce and pass legislation, already passed by the House of Representatives in the form of H.R. 1427 (Frank), to reform the Government Sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac – and dramatically increase the conforming loan limits in high-cost areas (Alaska and Hawaii conforming loan limits are currently above $600,000). As the mortgage crisis grows deeper, it is crucial that home owners and buyers have access to as many safe and affordable loan products as possible. Passing both Senate Bill 2338 and legislation to increase conforming loan limits in high cost-areas will help tens of thousands of families avoid the pain of foreclosure and remain in their homes and will help new buyers get on the first rung of the home ownership ladder.
Realtors… Even if you have already responded to NAR's Call-for-Action, C.A.R. is asking that you call Senator Barbara Boxer to voice your support for these two measures.
Action ItemPlease call Senator Barbara Boxerand leave her a message urging her to vote YES on Senate Bill 2338 andlegislation to increase conforming loan limits in high-cost areas.Senator Boxer can be reached by calling1-800-961-3302and entering your NRDS ID.
If you are not a Realtor and do not belong to C.A.R. or N.A.R. ,then do this now…
Call Senator Boxer at her local San Francisco office (415) 403-0100 For More InformationContact DeAnn Kerr at deannk@car.org.
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Pete Sabine, Real Estate Consultant
Pete Sabine is a full-time Real Estate Consultant specializing in residential property sales. Following an advanced study in listing, selling, investment and taxes, Pete earned his designation as a Certified Residential Specialist. He is a graduate of the Realtors Institute of California, a member of the Contra Costa Association of Realtors©, the California Association of Realtors©, the National Association of Realtors© and the Residential Sales Council. Pete is a member of ACRE, Accredited Consultant in Real Estate.
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