House and Senate committees have approved the Department of Housing and Urban Development(HUD) appropriation bills that extend the $729,750 loan limit through September 2011.

The maximum $729,750 loan limit for Fannie Mae, Freddie Mac and Federal Housing Administration (FHA) loans in high cost areas is due to expire at the end of this year. As expected, elected officials and industry groups want to pass an extension now to prevent possible disruptions if the legislative process gets bogged down later this year.

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