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Fannie, Freddie to Lower Conforming Loan Limits in January

Federal officials are preparing to reduce the maximum size of home-mortgage loans eligible for backing by Fannie Mae FNMA and Freddie Mac … Currently, Fannie and Freddie Mac can back mortgages that have balances as high as $417,000 in most parts of the country and up to $625,500 in expensive housing markets,

via Calculated Risk: WSJ Report: Fannie, Freddie to lower Conforming Loan Limits in January.

 

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