Economic Stimulus Package 2008

Yesterday President Bush signed the Economic Stimulus package into law. This means that most tax-payers will receive payments from the government and most small business investors will receive tax incentives.

This package also includes increases to GSE and FHA loan limits. With the GSE reforms we will immediately have more liquidity in the mortgage market and see an additional 300,000 home sales. With the FHA reform, it is projected that an additional 138,000 Americans will purchase homes and 200,000 will be able to refinance safely and affordably.