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Tuesday, November 29, 2005

Fannie Mae new 2006 Conforming Loan Limit

News Release
November 29, 2005

Fannie Mae Announces 2006 Conforming Loan Limit of $417,000

WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today announced that it will apply new conforming loan limits, as determined by the Office of Federal Housing Enterprise Oversight (OFHEO) based on federal data on mean (average) home prices, to increase its single-family mortgage loan limit to $417,000 for 2006.

As a result of the new loan limit, Fannie Mae estimates that in 2006, as many as an additional 466,326 homeowners would be eligible for a conforming loan.

Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most.


Fannie Mae, November 29, 2005
www.FannieMae.com

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