Mortgage Caps Lifted Effective March 1st

Date March 28, 2008

The maximum mortgage limits (caps) placed on Fannie Mae and Freddie Mac, the two giant government-sponsored buyers of existing mortgages have been lifted, effective March 1, it was announced by the Office of Federal Housing Enterprise Oversight (OFHEO). The caps had been instituted several years ago when the enterprises encountered problems resulting from their "creative [...]

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