The President signed H.R. 5140 yesterday. This is the $168 billion Economic Stimulus Plan which was rushed through Congress. The mortgage conforming loan limits have been adjusted as part of the bill. The conforming loan limits have been raised to 125% of the median home price, the limit is not to exceed $729,750. This bill [...]

This Wednesday by signing HR 5140, President Bush will increase the conforming loan limit. The new limit will be 125% of the median home price in the region. “Region” is yet to be defined, as HUD has 30 days to publish the numbers for each region. I don’t know if this will be based on [...]