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.