The Office of Federal Housing Enterprise Oversight annouced today that the reduced capital requirements and removal of portfolio caps for Freddie Mac and Fannie Mae are expected to free up to $200 billion in funds available for home lending, and possibly more though 2008.
The press release in Adobe PDF is here.
For Clark Co. NV the FHA limits have been raised to $400,000. Clark Co. NV includes Las Vegas, Henderson, North Las Vegas, Boulder City and surrounding areas up to Mesquite, and to the south Laughlin. There's a Clark Co. NV map here...
The limits were also raised for other areas. To search the new loan limits, follow this link.