To make permanent the increases made by the Economic Stimulus Act of 2008 in the loan limits for the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the FHA.
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| May 05, 2008 |
In the News
May 08, 2008 AUDIO: House may vote today on housing rescue package
HR 5958 would ensure that the maximum limits of $729750 are maintained, opening mortgage opportunities for families to obtain fixed-rate mortgages and help ...
May 06, 2008 Congress mulls making higher FHA mortgage limits permanent
The bill, HR 5958, is cosponsored by US Rep. Gary Miller, R-Diamond Bar. âJust open up the newspaper or turn on the television anywhere in the country and ...
May 06, 2008 California Lawmakers Push Congress for Permanent Increase to GSE ...
Introduction of HR 5958, the Homeowner Opportunity Act, comes as the House prepares to debate a number of proposals later this week to stimulate the housing ...
Blog Coverage
May 08, 2008 NAR: Stabilize market by increasing conforming loan limits permanently
introduced HR 5958, the Homeowner Opportunity Act, making permanent the increase to FHA and conforming loan limits for high-cost areas. The bill will be considered as an amendment to the larger housing stimulus bill. ...
Source: Tampa Florida
Was this article useful?
Yes or
No
May 07, 2008 NAR Joins in Call to Stabilize Markets
Jerry McNerney, D-Calif., and Gary Miller, R-Calif., introduced HR 5958, the Homeowner Opportunity Act, making permanent the increase to FHA and conforming loan limits for high-cost areas. The bill will be considered as an amendment to ...
Source: Tahoe Blog
Was this article useful?
Yes or
No
May 07, 2008 NAR CALLS FOR MARKET STABLIZATION
HR5958, also known as the Homeowner Opportunity Act, was introduced this week. The bill, which would make permanent the increase to the FHA & conforming loan limits for high-cost areas, will be consider an amendment to the large housing ...







Rating Filter: 5 (What's this?)(Close help)
Comments
(What's this?)(Close help)
It's a stimulus package. Temporary. The loan limits are not how the programs were designed. if more money is needed it should be legislated and insured by private mortgage insurance.
Add A Comment