Las Vegas, NV -- (SBWIRE) -- 10/25/2013 -- Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac announced that new conforming loan limits would be announced in November and that there would be at least six months before the restrictions are put in place.
Ed DeMarco, head of the Federal Housing Finance Agency stated that it would follow its practice of announcing the 2014 conforming loan limits in late November and further information would be provided at that time on potential reductions in the size of loans the Enterprises would guarantee going forward.
Fannie Mae and Freddie Mac were put under conservatorship in 2008 after they suffered severe financial crisis. Since then, the companies are paying dividends to the government.
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