Conforming Loan Limit may be increased temporarily for one year

House and Senate Democratic leaders are urging the Bush
administration to act more forcefully in addressing the
foreclosure crisis, and they are threatening to pass a
measure to temporarily raise the caps on Fannie Mae\'s and
Freddie Mac\'s portfolios if the administration does not
take such action quickly.

Fannie and Freddie could provide more liquidity to the
mortgage market and help subprime borrowers refinance to save their homes, said Sen. Charles E. Schumer, D-N.Y., adding that
he is prepared to press the Senate to pass a bill that would
remove the caps on the government-sponsored enterprises for
one year.