WASHINGTON -- The Federal Housing Finance Board is expected to vote by late next week on a proposal that California thrift executives say would make it harder for them to compete with Freddie Mac and Fannie Mae.

S&Ls that make jumbo mortgage loans could be adversely affected by the plan, which would raise the limit on loans purchased by the two federally chartered mortgage agencies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.