Jackie Speier is doing a great job trying to help Bay Area homeowners. In her words, “I’ve drafted an amendment so that rather than being limited to whether the loan was conforming at time of origination, it will be based on (whether it’s conforming at) the time of (modification), which will take the limit up to $729,750 in high-cost areas. This should make more people in the Bay Area eligible.”
The Chronicle article states that Pelosi supports the bill and it is expected to pass the House. Some much needed relief!
