Industry News

Conforming loan limit will stay at $417,000 in ’07

Housing prices decline, but reduction in limit deferred for one year
Published on Nov 28, 2006

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by CareyBot

Despite a slight decline in housing prices, the regulatory office that oversees Fannie Mae and Freddie Mac’s financial health said today it will allow the conforming loan limit to remain at $417,000 in 2007. Office of Federal Housing Oversight (OFHEO) ...

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