CFAH

Having expired at the end of September following a three year run, and having effectively been out of reach since August, it would appear that the $729,750 loan limit for FHA loans in high cost areas, such as San Francisco, will be resuscitated.
From the Wall Street Journal today:

…late Monday a bipartisan Congressional committee announced an agreement to increase FHA’s maximum mortgage limits to $729,750 from $625,500 through Dec. 31, 2013. The bill is linked to a continuing resolution to fund Congress past Saturday, increasing the likelihood that this backroom deal will become law. The House is scheduled to vote on the bill today without debating these changes…

As we wrote when the “super conforming” limits first expired: “While we don’t expect the change to have a radical impact on the market, we do expect to see an impact on liquidity and values in the $650,000 to million dollar segment due to potentially higher down payment requirements and rates.” And now, vice versa.
The Housing Lobby Strikes Again [Wall Street Journal]
Loan Limits Set To Fall From $729,750 To $625,000 In San Francisco [SocketSite]
Conforming Loan Limit Extension Gains Obama’s Support [SocketSite]