According to an internal email obtained by the Associated Press, the Federal Housing Finance Agency (FHFA), under director Bill Pulte, has lifted portfolio caps that earlier limited Fannie Mae and Freddie Mac to holding no more than $40 billion each in mortgage bonds. The January 12 directive raises that ceiling to$225 billion apiece, effective immediately, AP reported.If fully utilised, the change would allow the two lenders to increase bond purchases by roughly $170 billion beyond the$200 billion buying ...