Finance
In Ohio, a 'conforming loan limit' is set annually by:
AThe Federal Reserve
BThe Federal Housing Finance Agency (FHFA)✓ Correct
CThe Ohio Division of Financial Institutions
DHUD
Explanation
The FHFA sets the annual conforming loan limits — the maximum loan amounts eligible for purchase by Fannie Mae and Freddie Mac. These limits are adjusted annually based on home price changes.
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