Industry News

Economic stimulus bill signed into law

Fannie, Freddie and FHA to back jumbo loans
Published on Feb 13, 2008

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by CareyBot

President Bush today signed into law a $152 billion economic stimulus bill that will temporarily allow Fannie Mae, Freddie Mac, and the Federal Housing Administration to guarantee mortgages as large as $729,750 in some high-cost markets. HR 5140, the Economic ...