Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar

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Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar
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The U.S. is going to back mortgages of nearly $1 million for the first time, as home prices continue to soar

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.

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
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