FHFA Holds Fannie, Freddie Loan Limits Steady For Now

Law360, New York (November 26, 2013, 3:38 PM EST) -- The Federal Housing Finance Agency said Tuesday it will not reduce the size of mortgages that Fannie Mae and Freddie Mac can guarantee for at least the first half of 2014, amid protests from housing industry groups and lawmakers representing areas with costly housing.

The FHFA said Fannie and Freddie will continue to be able to purchase mortgages as large as $417,000, or more in certain areas with high-cost housing. Mortgage and real estate industry groups and lawmakers have bristled at an announcement from acting FHFA Director Edward DeMarco that he intended to lower the so-called conforming loan limit in August...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!