The House and Senate approved a measure late Thursday that would let the government-sponsored enterprises buy or guarantee larger loans for one more year.

Under the provision, Fannie Mae and Freddie Mac — as well as the Federal Housing Administration — could back loans as large as $729,750 through the end of 2010.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.