FHFA Proposes Loan Limit Changes For Next Year, Seeks Comments
December 20, 2013
The Federal Housing Finance Agency proposed this week to establish loan-purchase limits for the GSEs which wont occur until next October at the earliest. The regulator and conservator of Fannie Mae and Freddie Mac is seeking comments regarding loan-purchase limits 4.0 percent below the statutory GSE loan limits. The FHFA said it is considering a $600,000 purchase limit in the highest-cost markets and a purchase limit of $400,000 in non high-cost markets.