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FOR IMMEDIATE RELEASE
January 11, 2008
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OFHEO RELEASES NEW MORTGAGE MARKET NOTE ABOUT THE CONFORMING LOAN LIMIT AND HIGH-COST AREAS |
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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.
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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.
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