Washington Report

Advocacy Updates from Washington D.C.

On Nov. 25, 2015, the Federal Housing Finance Agency (FHFA)  released the 2016 conforming Loan Limits for Fannie Mae and Freddie Mac.  The national conforming loan limit remained at $417,000 while 39 additional counties were added as high cost areas which raises the limit up to $625,500 in the most costly areas.  FHFA requested comment on and implemented new methodology for its housing price index to better reflect the changes in the broader housing market.

For additional information on the limits and new high cost areas, follow the link below.

FHFA Conforming Loan Limits