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U.S. housing agencies, Fannie and Freddie, increase 'conforming loan' limit
November 28, 2017 / 4:30 PM / 13 days ago

U.S. housing agencies, Fannie and Freddie, increase 'conforming loan' limit

WASHINGTON (Reuters) - Fannie Mae and Freddie Mac, the government-backed mortgage agencies, will be able to acquire single-family home loans valued at $453,100, the companies’ regulator said on Tuesday.

A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque

The ‘conforming loan’ limit is the maximum value of a home loan that the companies may finance. That level was $424,100 this year and will climb to $453,100 in 2018, said the regulator, the Federal Housing Finance Agency.

Reporting By Patrick Rucker

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