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conforming loan limits: New Jumbo Conforming Loan Limits: Rules and Pricing Highlights - 03/08/08 11:33 AM
In my last post New FHA & Conforming Loan Limits Announced, frequent Lending Clarity commenter and knowledgeable industry professional Catherine Coy provides a link to Fannie Mae’s guidelines and pricing policies.
A quick read of Fannie’s guidelines revealed some key points about the new conforming loans, or what Fannie calls Jumbo Conforming loans. This list is by no means comprehensive, so you’ll have to read it yourself to get all the details. These are just the ones that seemed particularly noteworthy to me:
Fannie Mae Jumbo Conforming Highlights Fannie will start accepting delivery of 15 & 30 yr fixed-rate mortgage on … (2 comments)

conforming loan limits: Sacramento Mortgage Rate Update: No Change - 02/09/08 11:03 AM
Despite the bumpy ride, rates didn’t change much this week. According to Freddie Mac’s weekly survey, the 30 year conforming fixed rate ended the week at 5.65% with half a point. This of course is the owner occupied rate with the highest credit scores. Investors, or those with lower scores pay more.
The big news of course was the Senate passing the economic stimulus package containing the increased conforming loan limits, which now moves on to the President’s desk for signature next week. I contacted a number of banks to ask how quickly they would act on the new law, but … (1 comments)

 

Marc Brinitzer

Sacramento, CA

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Big Valley Mortgage

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