FHFA Prepares to Raise Conforming Loan Limits As Home Prices Move Toward Pre-Crisis Levels
May 28, 2015
Conforming loan limits could go up for the first time in years as the Federal Housing Finance Agency formally announced plans to use one of its own home price indexes to calculate changes. “Given the rising prices, it is now important that FHFA formally establish the specific methodology it will use for tracking prices and adjusting the baseline loan limit,” the agency said in a public notice seeking feedback. The Housing and Economic Recovery Act of 2008 prevents...