A peaceful solution to the long-running controversy over the ceiling on conventional loans appears to have been found. Fannie Mae and Freddie Mac have both agreed, after prodding from Congress, to use restraint in raising the limit from its present $207,000.

And the particular agent of peace seems to be none other than Leland Brendsel, the strong-willed chairman of Freddie Mac, who has been outspoken about the issue in the past and has even supported the eventual elimination of the ceiling.

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