The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2018. The limit for one-unit properties will rise to $453,100, an increase from $424,100 in most of the country.
ICBA recognizes that while an increase in the conforming loan amount will help make conforming mortgage financing more widely available, it remains concerned that Fannie and Freddie are severely undercapitalized. ICBA continues to call on FHFA Director Mel Watt to direct the GSEs to rebuild their capital buffers.
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