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  • Comment Detail

  • Date: 03/12/14
    First Name: Mollie
    Last Name: Owen
    Organization: Raleigh Regional Association of Realtors
    City: N/A
    State: N/A
    Attachment: View Attachment
    Number: 2013-N-18

  • Comment

    To whom it may concern,

    The Raleigh Regional Association of REALTORS®(RRAR) is urging FHFA to reconsider the recently proposed lowering of the conforming loan limits by approximately 4%, bringing the floor from $417,000 to $400,000 and cap from $625,500 to $600,000 in communities across the country. RRAR argues that FHFA does not have the authority to supersede the congressionally-mandated conforming loan limit calculation. This proposal could have significant impact on the MSAs in the Raleigh-Cary area.

    Attached you will find a letter from the 2014 RRAR Board President Mollie Owen in regards to RRAR’s concerns regarding this proposal.

    Best Regards,