President George W. Bush is scheduled to sign H.R. 5140, better known
as the economic stimulus package into law on Wednesday.
The legislation is geographically specific and will provide assistance
only in those areas where housing prices are well above the national
average. The legislation reads that the loan limitation “on the maximum
original principal obligation of a mortgage that may be purchased…shall
be the higher of-
It is not possible to know specifically what the impact will be on one
area or another but the legislation mandates that…