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Home » Conforming Loan Balance Shoots to $417,000 In 2006, Could Spur Prepays in Jumbo MBS
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Conforming Loan Balance Shoots to $417,000 In 2006, Could Spur Prepays in Jumbo MBS

December 2, 2005
Fannie Mae and Freddie Mac can begin buying single-family mortgages of up to $417,000 in January of 2006, in what amounts to the biggest annual increase ever in the so-called conforming loan limit. The top single-family loan eligible for sale to the government-sponsored enterprise this year is $359,650, with various adjustments for multi-dwelling loans and mortgages in U.S. territory outside the lower 48 states. The 16.0 percent jump to $417,000, based on an otherwise obscure… [One data table included]
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