Pelosi Statement on Congress’ Extension of Mortgage Loan Limits For FHA and Fannie Mae and Freddie Mac

“Democrats understand that strengthening our nation’s housing market is essential to the American economic recovery. To ensure that the housing market continues to recover from the effects of the subprime debacle and the ensuing economic downturn, Congress has taken swift action in the Continuing Resolution to extend single family loan limits for the Federal Housing Administration and Fannie Mae and Freddie Mac through the end of fiscal year 2011.”