S. 13 · 110th Congress
A bill to temporarily extend increases in certain home loan limits.
- Stage
- In committee
- Sponsor
- Mel Martinez
- Introduced
- 2008-11-20
- Latest action
- 2008-11-20 · Introduced in Senate
Summary
Amends the Economic Stimulus Act of 2008 to extend through December 31, 2009: (1) the increased ceiling amount for mortgages purchased by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the temporary loan limit increase for Federal Housing Administration (FHA)-insured mortgages in specified high-cost areas for which a borrower received credit approval.