• Lending
  • Sep 17, 2013
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Fannie and Freddie maximum mortgage limits to be cut

The Federal Housing Finance Agency said it plans to scale back the maximum size of home mortgages that Fannie Mae and Freddie Mac are allowed to back, something it can do without congressional approval. The talk is about reducing the Conforming loan amount from it’s current $417,000 to $400,000.

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