Fannie Mae-No Politics (FNMA)

[IcePick06]

I just read this news off tech investor:

"New (lower) Fannie and Freddie loan limit announcement coming

04:30 PM ET ? FNMA
Though the announcement is set for November, it will take at least six months for the lower limits to take effect, FHFA chief Ed DeMarco tells an audience. This should give the housing lobbying groups plenty of time to muster support for softening or eliminating the reductions.
The current loan limit runs as low as $417K for a single-family home. "Any reduction would be across the board, not just in some parts of the country," says DeMarco."