I 

112TH CONGRESS 

1ST SESSION H. R. 2508 

To extend through fiscal year 2013 the increase in the maximum original 

principal obligation of a mortgage that may be purchased by the Federal 

National Mortgage Association or the Federal Home Loan Mortgage 

Corporation, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 13, 2011 

Mr. CAMPBELL (for himself and Mr. ACKERMAN) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that 

may be purchased by the Federal National Mortgage 

Association or the Federal Home Loan Mortgage Corporation, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. TEMPORARY CONFORMING LOAN LIMIT IN4 CREASE FOR FANNIE MAE AND FREDDIE 

5 MAC. 

6 For mortgages originated during fiscal years 2012 

7 and 2013, if the limitation on the maximum original prinVerDate Mar 15 2010 01:42 Jul 14, 2011 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2508.IH H2508

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1 cipal obligation of a mortgage that may be purchased by 

2 the Federal National Mortgage Association or the Federal 

3 Home Loan Mortgage Corporation determined under sec4 tion 302(b)(2) of the Federal National Mortgage Associa5 tion Charter Act (12 U.S.C. 1717(b)(2)) or section 

6 305(a)(2) of the Federal Home Loan Mortgage Corpora7 tion Act (12 U.S.C. 1754(a)(2)) respectively, for any size 

8 residence for any area is less than such maximum original 

9 principal obligation limitation that was in effect for such 

10 size residence for such area for 2008 pursuant to section 

11 201 of the Economic Stimulus Act of 2008 (Public Law 

12 110–185; 122 Stat. 619), notwithstanding any other pro13 vision of law or of this Act, the limitation on the maximum 

14 original principal obligation of a mortgage for such Asso15 ciation and Corporation for such size residence for such 

16 area shall be such maximum limitation in effect for such 

17 size residence for such area for 2008. 

18 SEC. 2. TEMPORARY CONFORMING LOAN LIMIT INCREASE 

19 FOR FHA. 

20 For mortgages for which the mortgagee has issued 

21 credit approval for the borrower during fiscal years 2012 

22 and 2013, if the limitation on the maximum original prin23 cipal obligation of a mortgage that may be insured by the 

24 Secretary of Housing and Urban Development determined 

25 under subparagraph (A) of section 203(b)(2) of the NaVerDate Mar 15 2010 01:42 Jul 14, 2011 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2508.IH H2508

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1 tional Housing Act (12 U.S.C. 1709(b)(2)(A)) for any size 

2 residence for any area is less than such maximum original 

3 principal obligation limitation that was in effect for such 

4 size residence for such area for 2008 pursuant to section 

5 202 of the Economic Stimulus Act of 2008 (Public Law 

6 110–185; 122 Stat. 620), notwithstanding any other pro7 vision of law or of this Act, the limitation on the maximum 

8 original principal obligation of a mortgage that may be 

9 insured by such Secretary for such size residence for such 

10 area shall be such maximum limitation in effect for such 

11 size residence for such area for 2008. 

Æ 


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