Volume 2013 - Number 33
September 5, 2013
FHFA May Be Ready to Lower Fannie/Freddie Loan Limits in 2014 and Nothing Can Stop Them
The Federal Housing Finance Agency is expected to announce lower loan limits for Fannie Mae and Freddie Mac sometime this fall, a move that warms the hearts of non-agency jumbo originators everywhere, but is causing consternation among certain factions of the market, in particular, Realtors and the California Mortgage Bankers Association. Any reduction in the loan limit will have a huge impact on the California market, said Susan Milazzo, executive director of the CMBA. Were a high-cost state. The trade group executive told...
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