President Signs Important Housing Bill

Larry O. Doss Wednesday, July 30, 2008

President Bush signed the housing bill this morning, ending any minor speculation that he in fact would!

It is hoped the action will provide mortgage relief for 400,000 homeowners struggling to retain ownership of their homes. It is also hoped that it will assist in stabilizing financial markets.

As reported by California Association of Realtors and other publications, this bill permanently increases the conforming loan limit to $625,500. In February, the Economic Stimulus Act of 2008 was signed, temporarily raising the conforming loan limit in high-cost areas to $729,750 from $417,000 until December 31, 2008.

There is a more detailed accounting of what this important bill will provide at the link below.

Written for GreatWest GMAC
by: Myrl Jeffcoat



Related Links: www.bloomberg.com/apps/news?pid=20601103&sid=am2yQYThqmxQ&refer=us
| Link directly to this article.
Replies
No replies yet.

Latest Posts:


Categories:





Based on information from the Humboldt Association of REALTORS®, as of 10/06/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2022 Humboldt Association of Realtors®. All rights reserved.