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Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC) has responded to the rising median home price levels by increasing the conforming loan limits for mortgages that they acquire for secondary market sale. What Happened: The Federal Housing Finance Agency (FHFA), the regulator for Fannie Mae and Freddie Mac, announced that their conforming loan limits on one-unit properties in 2022 will be $647,200, an increase of $98,950 from the current $548,250 level.
...read full article on Benzinga
