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Mortgage Market Note 08-1: Potential Implications of Increasing the Conforming Loan Limit in High-Cost Areas
Fannie Mae and Freddie Mac are prohibited by charter from purchasing singlefamily conventional mortgages with unpaid principal balances above the conforming loan limit. For mortgages that finance one-unit properties, that limit is $417,000 in 2008, as it was in 2006 and 2007. Higher limits apply to...
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Mortgage Market Note 07-2: Historical Trends in the Conforming Loan Limit
The Emergency Home Finance Act of 1970 chartered Freddie Mac to provide a secondary mortgage market for thrifts and other originators of conventional mortgages. The Act also allowed Fannie Mae to purchase conventional loans and established a conforming loan limit for both Enterprises of $33,000. The...
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Mortgage Market Note 07-1: Portfolio Caps and Conforming Loan Limits
There has been confusing commentary on Fannie Mae’s and Freddie Mac’s role in the secondary mortgage market and how they might contribute to easing the current disruptions. As the regulator of these companies, one role of the Office of Federal Housing Enterprise Oversight (OFHEO) is to enhance...
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A Note on the Differences between the OFHEO and S&P/Case-Shiller House Price Indexes
Author: Andrew Leventis, Principal Economist This OFHEO Research Paper explains the differences between the OFHEO and S&P/Case-Shiller House Price Indexes.
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Mortgage Markets and the Enterprises in 2006
Author: Valerie L. Smith, Senior Policy Analyst Forrest Pafenberg, Senior Policy Analyst Laura Goren, Research Assistant This Office of Federal Housing Enterprise Oversight (OFHEO) research paper reviews developments in the housing sector, activity in the primary and secondary mortgage markets, and...
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Mortgage Markets and the Enterprises in 2005
Author: Valerie L. Smith, Senior Policy Analyst Forrest Pafenberg, Senior Policy Analyst Laura Goren, Research Assistant This Office of Federal Housing Enterprise Oversight (OFHEO) research paper reviews developments in the housing sector, activity in the primary and secondary mortgage markets, and...
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Mortgage Markets and the Enterprises in 2004
Author: Valerie L. Smith, Forrest Pafenberg, Chris Broderick This Office of Federal Housing Enterprise Oversight (OFHEO) research paper reviews developments in the housing sector and the primary mortgage market, the secondary market activity of Fannie Mae and Freddie Mac, and the financial...
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Single-Family Mortgages Originated and Outstanding: 1990 – 2004
Author: Forrest Pafenberg, Senior Policy Analyst This OFHEO Research Paper presents statistics for single-family mortgages originated and outstanding by loan type for calendar years 1990 through 2004. Statistics are provided for conventional and government-insured or -guaranteed loans and, within...
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Updated Assumptions Used to Estimate Single-Family Mortgages Originated and Outstanding, 1990 – 2008 Q3
Author: Forrest Pafenberg, Senior Policy Analyst Except where noted, all assumptions used to generate estimates of single-family mortgages originated and outstanding are as described in the paper, Single-Family Mortgages Originated and Outstanding: 1990 – 2004.
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Mortgage Markets and the Enterprises in 2003
Author: Valerie L. Smith, Senior Policy Analyst This Office of Federal Housing Enterprise Oversight (OFHEO) research paper reviews developments in the housing sector and the primary mortgage market, the secondary market activity of Fannie Mae and Freddie Mac, and the financial performance of the...