fhfa: FHFA to Review Loan Limits Again-Update
- 12/16/13 08:21 AM
AR Forum FHFA to Review Loan Limits Again-Update The Federal Housing Finance Agency announced further steps today into evaluating whether to lower loan limits on loans sold or guaranteed by the GSEs ( Fannie Mae and Freddie Mac ). Just recently, they had announced a decision to postpone a mandate to lower these limits. The proposal once again comtemplates the reduction of the Conforming Loan Limit from $ 417,000 in most areas to $ 400,000. This represents a proposed reduction of approximately 4 per cent from current levels. While this reduction might not hurt some areas, many high cost areas … (0 comments)
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