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May 13, 2010MPS Expands Offering to Rate Sheet Support. New tools form basis for custom rate sheets in multiple formats. <more>
April 22, 2010
Residential Home Funding automates daily rate sheet
generation using LEAP! from Mortgage Pricing Systems.
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Montville NJ, March 3, 2009 — The American Recovery and Reinvestment Act of 2009, signed into law on February 17th, 2009, provides for new FHA Mortgage Limits, effective March 6, 2009. These new limits are calculated at the higher of the previous 2008 loan limits or the 2009 loan limits implemented by the Housing and Economic Recovery Act (HERA).
The new loan limits have been implemented and effective in the Mortgage Pricing System’s products since March 6, 2009. Current clients of Mortgage Pricing Systems can be confident in accurate qualification and pricing of FHA products.
Loan limits vary by county and can be reveiwed at https://entp.hud.gov/idapp/html/hicostlook.cfm. The new maximum loan limits are as follows:
| New 2009 FHA Loan Limits | 48 States | Alaska & Hawaii |
| 1 Family | $729,750 | $1,094,625 |
| 2 Family | $934,200 | $1,401,300 |
| 3 Family | $1,129,250 | $1,693,875 |
| 4 Family | $1,403,400 | $2,105,100 |
Press Contact:
Tom Lyons
tlyons@mtgpricing.com
(973) 917-3050