The Federal Housing Finance Agency (FHFA) announced late Friday that the conforming loan limit will remain $417,000 for 2009 for most areas in the U.S. but specified higher limits in certain cities and counties which does not include any city or county in Wisconsin or Illinois. The conforming loan limit is the maximum size of loans that Fannie Mae and Freddie Mac can purchase in 2009.
Following the provisions of HERA, FHFA has set loan limits for “high-cost”
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