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fannie mae: Fannie Mae and Freddie Mac Go Jumbo!
- 03/13/08 06:42 AM
Last month, President Bush signed into law HR 5140, which is the Economic Stimulus Act of 2008. Many people are excited about this bill because it will mean that they receive a check from the Government in the amount ranging anywhere from $300-$1200. The thought behind this bill is that people will take this money and spend it, thus stimulating the economy. Because of another provision in this bill, the mortgage industry may also see a boost. The stimulus bill increases the conforming loan limit in high-cost areas. FHA programs can now purchase and/or guarantee loans in high-cost areas up to … (0 comments)
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;)
;)
