H.R. 5958 would make permanent the increases made by the Economic Stimulus Act of 2008 in the loan limits for the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the FHA.

== Detailed Summary ==

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(Log in to editHomeowner Opportunity Act of 2008 - Amends the wikiFederal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and be the firstNational Housing Act to providemake permanent certain increases in the maximum original principal obligation of a detailed summarymortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Expresses the sense of the bill!)Congress to encourage Fannie Mae and Freddie Mac to securitize mortgages acquired under the increased conforming loan limits to the extent that such securitizations do not impose additional costs for mortgages originated, purchased, or securitized under the existing limits, or interfere with the goal of adding liquidity to the market.

Amends the National Housing Act to: (1) increase the mortgage loan limit for mortgage insurance in high-cost areas; and (2) direct the Secretary of Housing and Urban Development to publish the median house prices and mortgage principal obligation limits for all areas each year.
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== Status of the Legislation ==

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Latest Major Action: 5/5/2008: Referred to House committee. Status: Referred to the House Committee on Financial Services.
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== Points in Favor ==

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== Points Against ==

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