Federal Housing Finance Agency (FHFA) Announces Conforming Loan Limits and Deemed-Issuance Ratio for 2022

November 30, 2021

Today, the Federal Housing Finance Agency (FHFA) issued the 2022 baseline and high-cost area loan limits for conventional loans acquired by Fannie Mae. The new limits are effective for whole loans and mortgage loans delivered into MBS with pool issue dates on or after January 1, 2022. Loan limits apply to the original loan amount of the mortgage loan, not to its balance at the time of purchase by Fannie Mae.

In a separate announcement, on November 29, FHFA announced the deemed-issuance ratio for 2022 in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification reporting on the bonds ultimately delivered to the purchaser until the bonds have been disposed of, regardless of the issuing Enterprise on the underlying bonds.

For questions, please contact the Fannie Mae Investor Help Line at 1-800-232-6643, Option 3 or by e-mail.