FHFA Seeks Lower Freddie, Fannie Loan Limits
Washington, DC, Dec. 17, 2013 -- Federal regulators have asked the public for comments on a proposal that would cut the size of mortgages that can be purchased by Fannie Mae and Freddie Mac.
Other Archived Articles
The Federal Housing Finance Agency’s proposal would decrease the conforming-loan limit for single-family homes by 4%, to a new ceiling of about $400,000 in most of the U.S., while higher-cost areas would have a new limit of $600,000.
The changes would not take effect before next October. Comments are due by March 20.