No, there has been no discussion on raising the lending limit nationally to $417,000….not yet.
House of Representatives Passes HECM Cap Bill January 17, 2007
Since the new Congress convened earlier this month, NRMLA has been working with the leadership in the U.S. House of Representatives to address our top priorities. As a result, we are pleased [...]

Yesterday, the U.S. Department of Housing and Urban Development published Mortgagee Letter 2007-01, which announces the county FHA lending limits for 2007 and updates the procedures by which you can seek an increase in your county limit from the regional Homeownership Center.
As NRMLA previously reported, the ceiling limit will remain at its present value of [...]