For all our Washington D.C., Northern Virginia, and Southern Maryland followers: On Capitol Hill tomorrow, I will be joining Ed Pinto (AEI) and Tony Sanders (George Mason) to speak about the impact increasing the conforming loan limits of Fannie, Freddie, and FHA would have on the economy. Some argue that it is necessary to return to $729,750 from the current $625,500 in order to ensure more mortgage origination and housing business. Others argue that in order for the housing market to recover the government needs to get out of the way and reducing the limits is a step in the right direction.
If you read my post from Tuesday (or much of anything else we've written on the GSEs), you can guess which side I fall on. So if you are available tomorrow morning and want to understand this issue in more depth, join us on Capitol Hill for a briefing and discussion on conforming loan limits. Here are the details:
Conforming Loan Limits – How Will an Increase Impact the Economy?
Date: Friday, November 4, 2011
Location: Rayburn Gold Room (2168)
Time: 8:30-10:00 AM
Breakfast will be provided.
RSVP to Sara Huneke at firstname.lastname@example.org
Sponsored by American Enterprise Institute on the Hill
Please join us for a breakfast discussion on the following questions regarding Conforming Loan Limits:
- What is the impact of the loan limits on the housing market?
- Was October a bad time for the loan limits to decrease as planned by the Obama Administration?
- Would increasing the loan limits reduce or expand the government’s footprint in the housing market?
- What is the FHA’s health and how would increasing the loan limits impact the FHA?
- How would the private market respond to reversing the October decrease in the Loan Limits?
- Edward Pinto — former chief credit officer at Fannie Mae and current fellow at the American Enterprise Institute
- Anthony Randazzo — director of economic research for Reason Foundation
- Anthony Sanders — professor of finance at the George Mason University School of Management
This event is free and open to the public.