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• Congress votes to raise FHA loan limits

  U.S. Congress approved a bill to raise the maximum size of mortgages the Federal Housing Administration can insure and sent it to President Barack Obama to sign into law.The measure would push the so-called FHA conforming loan limit in the highest-priced real   Read more »

• Obama ups FHA loan limit to $729,750

  will once again be able to get federally-guaranteed loans of up to $729,750 on Long Island -- but only from the Federal Housing Administration .The new law that funds five federal departments, including the Department of Housing and Urban Development , did   Read more »

Around the web

• Government Meddling in the Housing Market Fails (Again)

  For the first time in its 78-year history, the 100 percent taxpayer-backed Federal Housing Administration is projected to run out of its remaining $4.7 billion financial reserves and trigger an infusion of funds from the Treasury. So says the Wall Street 2/13/12 from Big Government Read more »

• Housing agency could run out of money in 2012

  WASHINGTON (AP) — The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration's budget request sent to Congress M 2/13/12 from KGW.com Read more »

• Mortgage Settlement Saves FHA From Bailout

  If you look deep inside the 2013 federal budget (Appendix P. 636-ish) released today, it looks as if the Federal Housing Administration (FHA) is asking for a cash bailout for the first time its 78-year history. A $688 million bailout from the U.S. Treasu 2/13/12 from CNBC Read more »

• Video: FHA Getting $1B from AG & Countrywide

  CNBC's Diana Olick has the details on the Federal Housing Administration getting $1 billion from the AG and Countrywide settlement. Related Links: Business & financial news headlines from msnbc.com Top of page   from MSNBC Read more »

• Bank Deal’s $1 Billion Infusion Makes FHA’s Need for U.S. Aid ‘Obsolete’

  The Federal Housing Administration, beset with dwindling reserves and failing loans, won’t require an infusion of government aid thanks to last week’s legal settlements with mortgage lenders and servicers, Acting Commissioner Carol Galante said. A budget   from Bloomberg.com Read more »