Fannie, Freddie Announce New Maximums for GSE Jumbos in High-Cost Areas, Even as Activity Lags
April 16, 2009
The maximum loan amounts eligible for sale to Fannie Mae and Freddie Mac have changed several times over the past year as Congress searches for answers to the downtrodden housing market, leaving the government-sponsored enterprises trying to keep themselves, and their lender customers, up to speed. Both GSEs have “permanent” high-cost limits of $625,500 and “temporary” limits of up...