President Bush nominates new HUD secretary
Bills.com launches Know Your Limits programMortgagePress.comhigher-limit loans, economic stimulus package, Freddie Mac, Fannie Mae, FHA Bills.com is set to launch its Know Your Limits program, designed to help homeowners determine if they are eligible for new, higher-limit loans passed in the economic stimulus package. Determining eligibility for the new loans can be challenging, says Ethan Ewing, president of Bills.com. With the Know Your Limits program, applicants can complete a form and receive an immediate assessment of their eligibility for Freddie Mac/Fannie Mae and Federal Housing Administration (FHA) loan limits, as well as up to four lender matches for their specific situations. As part of the Know Your Limits program, Mortgage Brokers and lenders can reach homeowners eligible for the new loans quickly and easily. The FHA Select program will match lenders and brokers with applicants whose desired loan amount is below the FHA loan limit for their county of residence. Based in San Mateo, Calif., Bills.com is a consumer education services company. For more information, visit www.bills.com.