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Plan would reduce Fannie, Freddie loan limits to $400000 in most markets – Chicago Tribune

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Plan would reduce Fannie, Freddie loan limits to $400000 in most markets
Chicago Tribune
Under the proposal issued for public comment, the FHFA would cut by 4 percent, to $400,000 from $417,000 the loan purchase limit for conforming loans in most markets, including the Chicago area. In high-cost areas, the current loan limit of $625,000 ...
UPDATE 1-Washington could cut Fannie, Freddie home loan limitsReuters
Fannie Mae loan-limit reduction soughtFinance and Commerce

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