OFHEO Releases New Mortgage Market Note About The Conforming Loan Limit And High-Cost Areas

-
By RealEstateRama -

Washington , DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has published a new Mortgage Market Note on the conforming loan limit. The Note provides background information on the potential implications of increasing the conforming loan limit in high-cost areas, as proposed in pending House and Senate legislation. The Note describes the jumbo mortgage market and the potential impact of a higher conforming loan limit on mortgage borrowers and on Fannie Mae and Freddie Mac.

Link to Mortgage Market Note.

###

OFHEO’s mission is to promote housing and a strong national housing finance system by ensuring the safety and soundness of Fannie Mae and Freddie Mac.

RELATED ARTICLESMORE FROM AUTHOR

Previous articleHUD reports progress in “Operation FedRent”
Next articleRegister Today for the Mortgage Bankers Association’s (MBA) 2008 National Mortgage Servicing Conference & Expo– ‘Building Together for Tomorrow’