Secondary Market/Investors
Fannie’s Mudd: Boosting Loan Limit Will Provide Liquidity
By PAUL JACKSON
January 29, 2008 9:50 PM CST
Fannie Mae CEO Daniel Mudd went on Bloomberg TV today to discuss the proposal being floated in Congress to temporarily boost the GSE conforming loan limit from its current level of $417,000. In his interview, he suggests that Fannie would be able to provide much-needed liquidity to the jumbo market — which he says represent “working class” mortgages for many borrowers.
The full interview is below:
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