As summarized by an LA Times news story HERE, the President's announced agreement on economic stimulus contains significant GSE and FHA reforms, including a substantial expansion of mortgage limits into jumbo loan territory. Other press accounts have referenced an additional $500 million for mortgage counseling and there could well be additional housing "goodies" waiting in the wings.
I expect the expansion provisions being discussed will prove controversial. The exact details won't be known until specific pieces of legislation are introduced. Whether those legislative pieces make it through both the Senate and the House without substantial change remains to be seen.
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