Tag Archives: Conforming Loan Limits

Last November, the Federal Housing Finance Agency (FHFA) announced the annual change of the conforming limit, which limits the price at which Fannie Mae and Freddie Mac are allowed ...

The FHFA has issued its conforming loan limits for 2022, as the increase in home prices nationwide has forced loan limits to $647,200 next year.

The GSEs' national conforming loan limit has remained unchanged for 10 years. How would raising that limit affect origination volumes?

The Federal Housing Finance Agency announced Wednesday that Freddie Mac and Fannie Mae's maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.

In an release, FHFA announced that the maximum limit for mortgages acquired by Fannie Mae and Freddie Mac will stay at $417,000 for single-unit properties in most of the country, with a maximum of $625,500 for certain high-cost areas. Forty-six counties will see an increase based on their own local conditions.

One way the federal government has accounted for local market differences is through the conforming loan limit: the maximum amount of a home loan that Fannie Mae and Freddie Mac can guarantee. However, according to Trulia chief economist Jed Kolko, this current system falls far short of reflecting the actual differences in local home prices and ends up favoring borrowers in lower-cost markets.