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发帖数: 1353 | 1 As an emergency measure three years ago, Congress raised to as high as $729,
750 the maximum loan amount that Fannie Mae, Freddie Mac and federal
agencies could guarantee.
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That made it easier — and cheaper — for borrowers in pricey housing
markets to obtain mortgages, because the government guarantees that
investors receive payments on those mortgages even if homeowners default.
Now those limits are set to decline modestly in hundreds of counties across
the U.S. as the government attempts to reduce its outsized footprint in the
mortgage market and create room for private investors to compete. Government
-related entities stand behind more than nine of 10 new mortgages, and
taxpayers have sunk $138 billion into Fannie and Freddie, underscoring the
eagerness to dial down the government's share.
The new limits will vary widely by location, but will drop to $625,500 in
top-tier markets such as New York, Los Angeles and Washington, D.C.
Even though the new limits won't take effect until Oct. 1, some lenders are
already warning borrowers that they will stop accepting applications for
loans that exceed the new limits much sooner, to ensure the loans are funded
before the cutoff date.
全文在这里
http://finance.yahoo.com/real-estate/article/113078/government- |
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