Just few hours back, President Obama signed a bill reinstalling the FHA Jumbo Limit back for several high cost counties in California to $729,750 (from the recently reduced $625,500). The bill comes into immediate effect, meaning FHA can start insuring the $729,750 Loan Amounts right away. The restored loan amount is good till Dec 2013. Senate approved it 70-30, which was preceded by the House passing the bill 298-121. The senate has earlier in the month approved an amendment to the bill to restore the $729,750 loan limits for FHA and Fannie Mae/Freddie…
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