Andrew Lowell's (diverman) Blog

Description and Overview:An economic stimulus package just passed Congress on February 7, 2008 and was signed into law by the President on February 13, 2008. This new law is effective immediately and includes a temporary increase in both the FHA and conforming loan limits to as high as $729,750 i...

Yesterday afternoon President Bush signed the Economic Stimulus package into law. Last week, Congress gave overwhelming final approval to the Economic Stimulus Package . As a result, the government will be sending payments to most American households and grant tax incentives for business investme...

The Senate & House last night passed the stimulus package that includes higher mortgage limits for both FHA and the GSEs. The original stimulus proposals only involved tax issues. Because of the importance of this legislation, the bill could be signed by the President as early as today.Below are ...

Congress Sends President Stimulus Package -- Final Bill Includes Increased Loan LimitsFinal Details Will be Available Soon --the Senate passed their version of an economic stimulus package today, Thursday, February 07, 2008. The Senate version expands rebate checks for seniors and disabled vetera...

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Either way, the increased limit on loans eligible to be bought by Fannie Mae and Freddie Mac would be temporary, expiring Dec. 31, 2008. It was not clear if the higher FHA limit would be temporary or permanent.The FHA increase would allow thousands of Californians to buy or refinance their homes ...

The economic stimulus plan worked out on Thursday in Washington, should provide nearly a year of cheaper loans for Californians buying or refinancing higher-cost homes.Leaders of the House of Representatives and the White House agreed that the size of loans that can be purchased by government-spo...

California is, for the most part, Mongolia. Erase the coasts and the canals that suck water from the north to feed Big Asparagus and whiten the teeth of Valley Girls, it would be as desolate as the steppes of Central Asia. Driving through the high desert between Bakersfield and Las Vegas I note t...

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Bernanke did a stunning job of putting out the fire that wanted to burn down the stock markets as the foreign markets licked their wounds. I don't know if the Fed will have to pull off similar magical acts of panic avoidance.Act II, it would seem, is the unveiling of the federal plan to give the ...