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The Federal Housing Finance Agency (FHFA) is set  to announce 2009 conforming loan limits for Fannie Mae and Freddie Mac by Nov. 7. The limits define the maximum loan size of mortgages that can be purchased by the Enterprises.

Under the Housing and Economic Recovery Act of 2008 (HERA) that was passed in July, FHFA was directed to set conforming loan limits each year for the nation as a whole and specifically for high-cost areas.

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