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Loan limits for popular mortgages are scheduled to drop in January,
according to a Wall Street Journal report this week. The Federal Housing
Finance Agency is planning to slash the maximum size of mortgages eligible
to be backed by Fannie Mae and Freddie Mac, which currently run as high as $
417,000 in most parts of the country and up to $625,500 in pricier cities,
including Los Angeles and Orange County
See link:
http://articles.latimes.com/2013/sep/09/business/la-fi-mo-fredd
http://online.wsj.com/news/articles/SB1000142412788732389300457
according to a Wall Street Journal report this week. The Federal Housing
Finance Agency is planning to slash the maximum size of mortgages eligible
to be backed by Fannie Mae and Freddie Mac, which currently run as high as $
417,000 in most parts of the country and up to $625,500 in pricier cities,
including Los Angeles and Orange County
See link:
http://articles.latimes.com/2013/sep/09/business/la-fi-mo-fredd
http://online.wsj.com/news/articles/SB1000142412788732389300457