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Entries Tagged as 'conforming loan limit'

Conforming loan limit won’t fall with home prices

March 31st, 2008 · Comments Off

In a reversal of past policy, federal regulators say they won’t lower the $417,000 conforming loan limit to keep it in line with falling home prices.

Adopting a stance taken by Fannie Mae and Freddie Mac during the housing downturn of the early 1990s, the Office of Federal Housing Enterprise Oversight has ruled that the conforming loan limit will move in only one direction: up. more…

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Tags: Industry News · Inman Real Estate · Mortgages · conforming loan limit · congress · fannie mae · freddie mac · home prices · ofheo · realtor

HUD rolls out new limits for FHA-backed loans

March 6th, 2008 · Comments Off

The Department of Housing and Urban Development today implemented temporary increases in FHA loan limits in every housing market that it estimated will allow nearly 240,000 additional families to take advantage of the government-backed mortgage insurance program. more…

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Tags: Industry News · Inman Real Estate · Mortgages · conforming loan limit · fannie · fha · freddie · high-cost · hud · loan limits