Industry News

Conforming loan limit stays at $417,000

OFHEO proposes lower limit in 2009 if prices sag
Published on Nov 27, 2007

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by CareyBot

The conforming loan limit for mortgages purchased by Fannie Mae and Freddie Mac will remain at $417,000 next year, while debate continues over whether it will be lowered in 2009 to reflect falling home prices. The Office of Federal Housing ...