No jumbos for Fannie, Freddie

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Not a shocking piece of news, but a development worth noting: ‘Mortgage finance companies Fannie Mae and Freddie Mac will not be able to invest in loans valued above $417,000 next year, their regulator said on Tuesday, saying it will hold the current loan limit steady.’

More: ‘The so-called ‘conforming loan limit’ will be held in place despite falling home prices around the nation, said the regulator, the Office of Federal Housing Enterprise Oversight.

Your thoughts? Comments? Insights? Email story tips to lalandblog@yahoo.com.