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

Wall Street Journal, Nov. 16, 2021–Andrew Ackerman (subscription)
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 rapid appreciation in home prices nationally over the past year.
https://www.wsj.com/articles/fannie-mae-freddie-mac-to-back-home-loans-of-nearly-1-million-as-prices-soar-11637071380