Real estate blog entries tagged with bristol by Dan Hartman (Province Mortgage Associates

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Home : Blogs : Dan Hartman : Mortgages, Finance and Economics - Quality Loans from Dan Hartman : Tag "bristol"

bristol: Updates to Jumbo mortgage limits for 2009 - 11/24/08 04:33 PM

Earlier this year, we learned that the Jumbo mortgage was going to be a bit bigger for a time. For a year, the limit for mortgages purchasable by Fannie Mae and Freddie Mac was temporarily increased from $417,000 to as high as $729,750 through the beginning of 2009 as a component of the Economic Stimulus Act of 2008. That date is now fast approaching.
The original purpose of this temporary change was to address a mortgage market problem that arose in late 2007 and early 2008, specifically that demand for securities backed by Jumbo mortgages had decreased precipitously. By opening those … (0 comments)

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Dan Hartman

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