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Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar
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WASHINGTON—The federal government is about to back mortgages of nearly $1 million for the first time.
The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac are expected to jump sharply in 2022, a reflection of the rapid appreciation in home prices nationally over the past year.
Read more on wsj.comAbout this in other media
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