Although this is currently awaiting President Bush’s signature, it might not be available until 30-60 days after it has been signed. Lenders are not currently equipped to handle this increase. They need to update their system. Depending on the amount of activity that it will generate, the lenders would have to hire or rehire all the employees that were laid off during the mortgage meltdown. For the L.A. metro area, the conforming loan amount is predicted to be increased to the full $729,750.