Fannie Mae & Freddie Mac to raise loan limits to almost $1 million in some areas

Prompted by a massive rise in home prices over the last year, Fannie Mae and Freddie Mac are reportedly planning to revise the maximum size of the mortgages they’re prepared to back next year. According to the Wall Street Journal, the government sponsored entities are willing to increase their loan limits to almost $1 million

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CAR voices frustration at FHFA’s refusal to increase conforming loan limits

CAR President Ziggy Zicarelli stressed the association’s disappointed with the FHFA’s decision not to raise conforming loan limits for 2016 in a statement issued to the press this week

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