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Home » Higher Loan Limits OK’d as Housing Fund Languishes
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Higher Loan Limits OK’d as Housing Fund Languishes

November 4, 2009
President Barack Obama last week signed into law legislation that extends through the end of 2010 the increased maximum size of loans that Fannie Mae and Freddie Mac are allowed to buy, giving a little more life to the $729,750 GSE jumbo mortgage market. Congress approved the extension of the temporary limits on Oct. 29, after the administration called upon lawmakers to act. The legislative vehicle...
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