Canary in the Mortgage Markets: Why the Recent FHA and GSE Loan Limit Reductions Deserve Attention

Report by Josiah Madar and Mark A. Willis
October 2011

Furman Center for Real Estate and Urban Policy   (New York)

This white paper argues that the October 2011 reductions in the maximum loan sizes eligible for FHA and Fannie Mae or Freddie Mac backing are an important test of the country’s private mortgage finance system. The reductions have since been partially rescinded.