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The Office of Federal Housing Enterprise Oversight (OFHEO), the agency charged with keeping an eye on Freddie Mac and Fannie Mae has alerted lenders that conforming loan limits for the next year may be subject to falling rather than rising for the first time in years. These limits determine the maximum...
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2007 Conforming Loan Limits The Office of Federal Housing Enterprise Oversight (OFHEO) announced on Tuesday that new limits will apply for loans that can be purchased by the two Government Sponsored Enterprises for which it has oversight. Effective January 1, 2006, Freddie Mac and Fannie Mae will be...