Stimulus Package Must Include Loan Limit Increase to Help Homeowners, Economy Immediately, Says NAR
U.S. Newswire, January, 2008
To: REAL ESTATE EDITORS
Contact: Mary Trupo of the National Association of Realtors, 1- 202-383-1007, mtrupo@realtors.org
WASHINGTON, Jan. 17 /PRNewswire-USNewswire/ -- The National Association of Realtors(R) today urged President George W. Bush and Congress to help homeowners and the national economy by loosening constraints on Fannie Mae and Freddie Mac as an integral part of a federal stimulus package currently being discussed.
We believe that any stimulus package must address housing issues and increasing the conforming loan limits for these two government- sponsored enterprises, said NAR President Dick Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif. The increase in loan limits would not only improve liquidity in the mortgage...
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