WASHINGTON — The Federal Housing Finance Agency said Monday it will give at least six months' notice of any drop in the loan sizes that Fannie Mae and Freddie Mac will accept.
FHFA chief Edward DeMarco spoke to housing finance executives from banks and credit unions attending the annual meeting of the Mortgage Bankers Association in Washington.
His agency is the regulator and conservator of secondary mortgage giants Fannie Mae and Freddie Mac.
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