Freddie Mac To Maintain Loan Limit
11-17-2009 | Source: Total Securitization
Freddie Mac has announced that its conforming purchase loan limits for next year will remain unchanged from 2009. In addition, the Federal Housing Finance Agency has extended the high-cost loan limits for mortgages originated in certain high-cost areas, up to a maximum of $729,750 in the 48 contiguous states through 2010, pursuant to a congressional resolution signed by President Obama on Oct. 30. Loan limits for Alaska, Hawaii, Guam and the U.S. Virgin Islands will be 50% higher.
Click here to read the release from Freddie Mac.