We just received this email from N.A.R.
“The U.S. House of Representatives yesterday passed a stimulus package that raises the FHA and conforming loan limits to as high as $729,750 in high-cost areas.
There is speculation that the Senate version of the stimulus package DOES NOT include these increases.“
Please contact Senator Barbara Boxer and Senator Diane Feinstein if you’d like to help this bill get passed.
The easiest way to take action is to click here. It’s a one second process and will send the Senators an email directly. So we think.
The tone is obviously a bit alarmist, but hey, that’s how America works.
[Update: ...and approved.]
[Update: ...and clarification of some of the confusing aspects of the package.]
-Call to Action [Realtor.org]