Rep. Frank LoBiondo [R, NJ-2]
February 8, 2008 01:02 PM (7 months ago) | Overall Score: 5.0 | Replies: 0

Senator LoBiondo, Please clearify for me. I understand the reverse mortgage help i was looking for that was contained in h.r.1852 that called for the increasing of the fha/hud loan limits was not part of the S2338 federal modernation act that recently passed and is moving on for the presidents signature. I was given info that this particular item is found under the National Housing Act Section 255(g) 12usc1752z20(g). Can you please have your office contact me, I am really concerned and needed the increase on the limits to be included in S2338. Thxs, Mike

S.2338
February 8, 2008 01:02 PM (7 months ago) | Overall Score: 5.0 | Replies: 0

Can anyone confirm that the S.2338 that was passed did not contain the reverse mortgage help that was needed by increasing the fha loan limits? I was told that this item is covered in the National Housing Act under section 255(g)12usc1715z20(g). Also, that this portion of the bill s.2338 was set aside until sometime in april 2008. I understand that this measure was controlled by the fha/hud and that we should contact our local representatives to get clearification and insist that this be corrected ASAP. the oversight was not on purpose but was part of the h.r. 1852 bill that is not going to be looked at until april, but was thought to be part of S.2338, but was not. pls act asap

S.2338
February 4, 2008 11:02 PM (7 months ago) | Overall Score: 5.0 | Replies: 0

good info donnyshaw, it looks like you have a good source. you appear to be right on the money. I've heard their is a good chance that tues & thursday will be big days for this to move into the house committee and hopefully on to the presidents desk. hopefully we can have this passed by the end of the month. I might be to overly confident, but i am keep my fingers crossed. it will certainly be helpful to me and my family on this bills passing. thx's for you input.

S.2338
February 4, 2008 11:02 PM (7 months ago) | Overall Score: 5.0 | Replies: 0

s.2338 will allow seniors to be able to secure reverse mortgages with the increase of the cap on the amount of money that can be borrowed. I believe the present amount is $417,000. there are many homeowners that need the bill to pass with these new provisions. keep pushing your senate and congress reps. thxs, mike