This is great news for California, hopefully more buyers will hop back into the market.

This is a portion of an email that was sent to members of the California Association of Mortgage Brokers by the chief lobbyist for the organization with an update on the Stimulus bill being voted on by congress.

"As most of you know, the Senate passed the economic stimulus bill this afternoon and the House is expected to pass this final version in the next hour or so. 

"It is my understanding (based on what is being said on the House floor right now and what my sources have been telling me) that the loan limits increase provision is in tact.  Congratulations to all of you for your hard work!  This has been a long time in coming.  I have attached an analysis of how the increase will work for the GSE and FHA loan limit increase. Essentially, the loan limit by area would be 125 percent of the area median home price, but in no case will exceed 175 percent of the conforming loan limitation for 2008 ($729,750).

This is a portion of an email that was sent to members of the California Association of Morgage brokers by the cheif lobbyist for the organization with an update on the Stimulus bill being voted on my congress."

I'm posting this email with express consent from

Manny Solano
California Home Solution
20501 Ventura Blvd. Suite 170 Woodland Hills, CA 91364
Phone: 818 999-6070
Toll Free Phone: 877-444-4503
E-mail: loans@cahomesolution.com