Industry NewsMarkets & Economy

$15,000 homebuyer credit cut in compromise

Stimulus package may restore higher loan limits
Published on Feb 12, 2009

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by CareyBot

A proposal to provide a $15,000 tax credit to home buyers was stripped from a $789 billion economic stimulus package that appears headed for a vote Friday, but a restoration of higher loan limits for Fannie Mae, Freddie Mac and FHA loan guarantee programs appears to have made the cut.