Foreclosures fall 17.8% from year ago levels

Review finds FHA mortgage insurance fund short $13.5 billion Fannie Mae, Freddie Mac would need another bailout in severe economic crisis Fannie Mae and Freddie Mac have a limit on the maximum sized loan they will guarantee. This is known as the "conforming loan limit". The conforming loan limit for Fannie Mae, along with Freddie Mac, is set by Office of Federal Housing Enterprise Oversight (OFHEO), the regulator of both GSEs.