I 
111TH CONGRESS 
1ST SESSION 
H. R. 587 
To increase the loan limits for the FHA single family housing mortgage 
insurance programs and reverse mortgage program and for the con-
forming loan limits for Fannie Mae and Freddie Mac during 2009. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 15, 2009 
Mr. GARY G. MILLER of California introduced the following bill; which was 
referred to the Committee on Financial Services 
A BILL 
To increase the loan limits for the FHA single family hous-
ing mortgage insurance programs and reverse mortgage 
program and for the conforming loan limits for Fannie 
Mae and Freddie Mac during 2009. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. FHA LOAN LIMITS FOR 2009. 
For mortgages for which the mortgagee issues credit 
approval for the borrower during calendar year 2009, if 
the dollar amount limitation on the principal obligation 
of a mortgage determined under section 203(b)(2) of the 
National Housing Act (12 U.S.C. 1709(b)(2)) for any size 
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residence for any area is less than such dollar amount lim-
itation that was in effect for such size residence for such 
area for 2008 pursuant to section 202 of the Economic 
Stimulus Act of 2008 (Public Law 110–185; 122 Stat. 
620), notwithstanding any other provision of law, the max-
imum dollar amount limitation on the principal obligation 
of a mortgage for such size residence for such area for 
purposes of such section 203(b)(2) shall be considered (ex-
cept for purposes of section 255(g) of such Act (12 U.S.C. 
1715z–20(g))) to be such dollar amount limitation in ef-
fect for such size residence for such area for 2008. 
SEC. 2. FANNIE MAE AND FREDDIE MAC CONFORMING 
LOAN LIMITS FOR 2009. 
For mortgages originated during calendar year 2009, 
if the limitation on the maximum original principal obliga-
tion of a mortgage that may purchased by the Federal 
National Mortgage Association or the Federal Home Loan 
Mortgage Corporation determined under section 302(b)(2) 
of the Federal National Mortgage Association Charter Act 
(12 U.S.C. 1717(b)(2)) or section 305(a)(2) of the Fed-
eral Home Loan Mortgage Corporation Act (12 U.S.C. 
1754(a)(2)), respectively, for any size residence for any 
area is less than such maximum original principal obliga-
tion limitation that was in effect for such size residence 
for such area for 2008 pursuant to section 201 of the Eco-
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nomic Stimulus Act of 2008 (Public Law 110–185; 122 
Stat. 619), notwithstanding any other provision of law, the 
limitation on the maximum original principal obligation of 
a mortgage for such Association and Corporation for such 
size residence for such area shall be such maximum limita-
tion in effect for such size residence for such area for 
2008. 
SEC. 3. FHA REVERSE MORTGAGE LOAN LIMITS FOR 2009. 
For mortgages for which the mortgagee issues credit 
approval for the borrower during calendar year 2009, the 
second sentence of section 255(g) of the National Housing 
Act (12 U.S.C. 1715–20(g)) shall be considered to require 
that in no case may the benefits of insurance under such 
section 255 exceed 150 percent of the maximum dollar 
amount in effect under the sixth sentence of section 
305(a)(2) of the Federal Home Loan Mortgage Corpora-
tion Act (12 U.S.C. 1454(a)(2)). 
Æ 
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