Finance
In Louisiana, a conventional conforming loan must meet the loan limits set by:
AThe LREC
BThe Federal Housing Finance Agency (FHFA) for purchase by Fannie Mae or Freddie Mac✓ Correct
CThe Louisiana Office of Financial Institutions
DThe Federal Reserve Board
Explanation
Conforming loan limits are set annually by the FHFA. Loans at or below these limits may be purchased by Fannie Mae or Freddie Mac. Loans above the conforming limit are 'jumbo' loans, which have different underwriting requirements.
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