WASHINGTON – The nominee to run the Federal Housing Administration Thursday said she opposes extending higher limits on federally-insured loans.

At her nomination hearing, Carol Galante, now the acting FHA commissioner, said she agrees with other administration officials that letting the higher limits expire is better for the recovery of the private mortgage market.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.