Industry NewsNews Brief

Fannie, Freddie limits back to $729,750

FHA will also implement stimulus bill changes
Published on Feb 23, 2009

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Conforming loan limits have been restored to as much as $729,750 in 250 counties around the U.S. as the regulator of Fannie Mae and Freddie Mac implements a policy change in last week's $787 billion economic stimulus bill.

H.R. 1, the American Recovery and Reinvestment Act, restores the higher limits in place for Fannie and Freddie during much of 2008, allowing the companies to buy or guarantee loans of up to 125 percent of the median home price in high-cost areas.