Media Advisory: NAHB to Host Media Teleconference on the Need to Raise Conforming Loan Limits

November 7, 2011 - The National Association of Home Builders (NAHB) will host a media teleconference tomorrow to discuss the need for Congress to support the extension of higher loan limits for the GSEs and FHA.


WHEN:

Tuesday, Nov. 8, 2011

2:00 p.m. ET

WHAT:

The Senate recently passed a bill to reinstate higher loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration that expired on Sept. 30. The limits were raised to a level where they are now usable to those in higher priced markets throughout the country. While the Senate has acted to prevent causing further damage to the local housing markets in the U.S., The House of Representatives has yet to take action on this important issue.

NAHB will host a media teleconference on Tuesday to discuss the importance of Congress ensuring that this measure is enacted into law. NAHB tax expert, Robert Dietz, will break down the data to look at the impact of lower GSE and FHA loan limits by county. He will discuss the spillover effect of home buyers in all price brackets, and how the lower limits place downward pressure on home prices in major markets. Jim Tobin, NAHB Chief Lobbyist will explain the political implications of the lower loan limits and the impact on a housing recovery.

Media participants will have the opportunity to ask questions at the conclusion of the call. To ask a question during the Q&A portion of the call, please dial *1 on your phone to be entered into the phone queue.

WHO:

· Jim Tobin, Chief Lobbyist, NAHB

· Robert Dietz, Assistant Vice President, Tax and Policy Issues, NAHB



TO PARTICIPATE:

Please dial 1-888-283-6901 or 1-719-234-0008 (International Participants). Please let the operator know that you are joining the "NAHB/Conforming Loan Limits Call" and provide them with the access code code 4718988.