Agencies Move to Adjust High-Cost Loan Limits, Even as Advocates Push for New Changes
October 23, 2008
It was going to be hard enough to adjust to a sharp reduction in the maximum loan amounts eligible for Fannie Mae, Freddie Mac, FHA and VA programs in 2009, but declining house prices and faltering markets are driving many to call for new emergency changes in the next few months. Congress in February approved a temporary increase in agency mortgage limits of up to...