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The news is particularly important to California and other states with high home prices. Fannie and Freddie will be freer to absorb many of the so-called jumbo loans that until recently were too high- priced to be in their portfolios."This capacity will permit them to do more in the jumbo temporary conforming market, subprime refinancing and loan modifications areas," the Office of Federal Housing Enterprise Oversight said in a statement. Wednesday's action follows a move by Congress last month to raise the loan size that the Federal Housing Administration can underwrite. It also temporarily raised the cap on loan prices that Fannie and Freddie can absorb. In both cases, the maximum loan amount that can be underwritten by FHA and packaged by Fannie and Freddie into mortgage bonds is now $729,750. interest only mortgage loan texas student loan mba peruvian loan of 1822 loan mortgage processing sofware nelnet student loans