Nancy Pelosi

Schwarzenegger: Calif. Needs ‘Fair Access to Housing Capital’ 

California Governor Arnold Schwarzenegger called on Congressional leaders Wednesday to raise the conforming loan limit in the state hardest hit by the nation’s mortgage meltdown and housing crisis. In a letter sent to U.S. Senate majority leader Christopher J. Dodd, Senate minority leader Mitch McConnell, House of Representives speaker Nancy Pelosi and House minority leader John Boehner, the Calif. governor argued for “fair access to housing capital” and said the current GSE conforming loan limit is disproportionately affecting Californian homeowners.