Late last night, the Senate approved a return to the $729,750 high cost area loan limit for both the GSEs and FHA.  This will take its chances next in the House and the overall, thoroughly uncertain appropriations process.  However, what is clear and certain now is that CBO has changed its scoring for new GSE programs – a change that will take a big bite out of most of the foreclosure-prevention and reform initiatives now in the works.

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