Senate acts to restore higher loan limits
On October 20, 2011, the US Senate acted to restore the higher residential mortgage loan limits for loans purchased by Fannie Mae and Freddie Mac and loans insured by the Federal Housing Administration that expired on September 30, 2011.
The Senate voted Wednesday to repeal all limits on political contributions in state and local campaigns, setting up a repeat of the mega-contributions that overflowed campaign coffers last year.