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

Home buyers in high-cost areas of the U.S. will be able to borrow nearly $1 million for a mortgage loan backed by the government, a reflection of the rapid appreciation in home prices nationally

Banking, Mortgage Banks/Real Estate Credit

12/4/2021 4:30:00 PM

Home buyers in high-cost areas of the U.S. will be able to borrow nearly $1 million for a mortgage loan backed by the government, a reflection of the rapid appreciation in home prices nationally

Starting next year, home buyers in high-cost areas of the country will be able to borrow nearly $1 million for a mortgage loan backed by the government, a reflection of the rapid appreciation in home prices nationally.

The U.S. mortgage market involves some key players that play important roles in the process. Here’s what investors should understand and what risks they take when investing in the industry. WSJ’s Telis Demos explains. Photo: Getty Images/Martin Barraud

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Fannie? Freddie? Oh yeah , What could go wrong with THAT? Making it easier to buy more expensive real estate.. always worked in the past. Until it didn't. 1987, 1998, 2008, to cite a few. EACH TIME the answer was taxpayer bailout 'cuz: 'too big to fail'. Good news for ordinary people, bad news for rich people

I'm from the Government and I'm here to help......always ends well! House prices going to the moon Government's going to philanthropically fund private home mortgages with income extracted from downtrodden taxpayers and their unborn children. this sounds familiar please remember to blame your government when you go bankrupt. It will not be your neighbors fault, or your mortgage brokers fault, or wall st’s fault……you can thank Washington and solely Washington for the inflation, the eventual housing crisis, and the bubble they’ve built.

Absolutely THE WORST DECISION to take out a loan on a million. That’s a reflection of stupidity if anyone does that. I think this article is a bit bogus. No one can be that moronic 🤣🤣 What can go wrong? NEED TO MAKE NEW PLAN INVESMENT CONSTRUCT NEW CONSTRUCT BUILDIND AND CITIES TOWNS PRIORITY GREAT ECONOMIC INVESMENT PRODUCT GREAT RENTABILITY LONG YEARS TIMES NEW AGES NEED POVERTY AND NO SLAVES WORKERS

In bid to block Biden's $1.7T bill, conservatives praise Democrat Manchin at homeA conservative group focused on combating President Biden's economic agenda launches an almost $800,000 ad campaign pushing Sen. Manchin to oppose the $1.7 trillion bill. Sen_JoeManchin really… Anyone that's combating the development of a plan to build a better America should be considered an enemy combatant or traitor! Very stupid 😤😡

Guess I’ll keep my house for a few more years! I will be interested in American houses after June next year. We have learned nothing. So nothing was learned from the 2008 housing collapse. Great.

Family of Georgia Tech student fatally shot by campus police settles lawsuit for $1 million dollarsThe family of a Georgia Tech University student who was fatally shot by campus police settles the lawsuit with the school for $1 million, the family's attorney says i think that the 1 million need to be more America Georgia: GeorgiaTech: CampusPolice: Homicide GeorgiaTech PAYS GeoffCollin $2,883,115 If you can pay a Football Coach who once was paid $3,200,000.00/yr, you can take responsibility for a Student's death. PAYMore Lawrence Maddow. Shouldn’t Mark Meadows return his multi-million dollar book advance as he now refers to it as “Fake News” prior to its release?

Nevada Hits Eighth Month Of More Than $1 Billion In Gambling RevenueThe eight-month rally is tied with the state’s record for the longest streak of $1 billion-plus collected from casinos in one month. What countries own casinos in Vegas? What can you expect ? Remember Casino ? nytimes washingtonpost thetimes CNN BBCNews larepublica_co el_pais The house always wins, gambling 101

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The U.S. seized a record $1 billion of bitcoin a year ago. Its value has tripled.The largest-ever seizure of cryptocurrency by the U.S. government has worked out to be a windfall for taxpayers. 유리하는 빈민을 집으로 GrandMenengaiFour

Biden’s free at-home test promise could come with added costs'We should not think for a minute that this is some sort of magic bullet that is going to get us to universally free and accessible testing,' said a Georgetown health policy expert. This is sooo wrong! Convenience is nice, but it will skew our data as home tests are not reported or tracked. We will have no idea if things are getting better or worse. We won't know a thing until ERs are overflowing.