Stimulus to Benefit Jumbo Borrowers - 02/08/08 04:16 PM
From AP.
The biggest winners in the economic rescue plan that passed the U.S. Congress on Thursday and awaits President Bush's signature are middle- to upper-income Americans who can refinance their jumbo home loans at cheaper rates.The stimulus package temporarily raises the maximum size of mortgages that Fannie Mae and Freddie Mac can purchase and market as securities from $417,000 to as high as $729,750 in expensive parts of the country like New York City and California.It makes a similar change for loans backed by the Federal Housing Administration, which insures loans to borrowers with weak credit.Right now, borrowers in expensive areas … (0 comments)

 
Boris_door

Boris Miric Realtor (Licensed in DC-VA-MD)

Washington, DC

More about me…

Address: District One Properties, 220 S. Payne Street, Alexandria, VA, 22314

Office Phone: (703) 600-7000

Cell Phone: (202) 459-4700

Email Me



Links

Archives

RSS 2.0 Feed for this blog