Comments on: Once the economic stimulus package becomes law, how long until the new Jumbo mortgage is implemented? http://www.2009stimuluscheck.info/once-the-economic-stimulus-package-becomes-law-how-long-until-the-new-jumbo-mortgage-is-implemented.html Tax Rebate & Money Matters Sun, 06 Jun 2010 11:02:33 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: WFR http://www.2009stimuluscheck.info/once-the-economic-stimulus-package-becomes-law-how-long-until-the-new-jumbo-mortgage-is-implemented.html/comment-page-1#comment-779 WFR Wed, 30 Dec 2009 11:09:12 +0000 http://www.2009stimuluscheck.info/once-the-economic-stimulus-package-becomes-law-how-long-until-the-new-jumbo-mortgage-is-implemented.html#comment-779 That's a great question, but unfortunately no one knows. With the legal wrangling going on over the stimulus package and everyone trying to get their own version passed, it's hard to say when or if anything will get done. If it is passed, there will surely be logistical details to work out so we can just hope for the best. Edit: The proposed time frame they say is less than 30 days. The Secretary of Housing and Urban Development (HUD) would have to determine the median home price for various housing markets no later than 30 days after passage of the bill. That’s a great question, but unfortunately no one knows. With the legal wrangling going on over the stimulus package and everyone trying to get their own version passed, it’s hard to say when or if anything will get done. If it is passed, there will surely be logistical details to work out so we can just hope for the best.

Edit:
The proposed time frame they say is less than 30 days. The Secretary of Housing and Urban Development (HUD) would have to determine the median home price for various housing markets no later than 30 days after passage of the bill.

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