Monday, December 16, 2013 10:02:53 PM
The Federal Housing Finance Agency said it could reduce the loan limit to $600,000 from $625,500 in the nation’s highest-cost areas, which include cities like Los Angeles, New York and Washington. The limit would drop in much of the rest of the country to $400,000 from $417,000.
http://www.nytimes.com/2013/12/17/business/us-may-cut-its-presence-in-supporting-mortgages.html?partner=yahoofinance&_r=0
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