President Bush announced last week that a $152 billion economic stimulus bill would be signed into law. The economic stimulus bill will temporarily increase loan limits for the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac as well as for the Federal Housing Administration (FHA) until Dec. 31, 2008. The GSE and FHA loan limits will increase to as much as $729,750 in certain parts of the country, effective March 14.
