Industry News

OFHEO: Conforming loan limit likely to remain at $417,000

Limit tied to October home prices, which are expected to decline
Published on Nov 17, 2006

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by CareyBot

The conforming loan limit — the maximum-sized loan backed by government-sponsored mortgage repurchasers Fannie Mae and Freddie Mac — won’t be reduced to reflect a decline in home prices, but is likely to stay at $417,000 in 2007. That’s according ...