Oct 21, 2013

Why Now is Not the Right Time to Lower Loan Limits

The FHFA is considering lowering loan limits for Fannie Mae and Freddie Mac to encourage more private capital participation in the mortgage market, but there is uncertainty about the level of participation that will come from this sector. The National Association of Realtors got 66 members of the House of Representatives to sign a letter that pointed to legislative language that gives Congress the authority to set the loan limits, not a regulatory agency.