In the news late last week, Freddie Mac makes a move to stabilize the conforming-jumbo loan product, by guarantying 90 day forward commitments to 4 big loan players. This should trickle down to mid-sized mortgage bankers as well, through their correspondent channels.Freddie Mac said Thursday that it will guarantee 90-day, forward-delivery pricing on "conforming jumbo" mortgages it buys from Wells Fargo & Co., Washington Mutual Inc., JPMorgan Chase & Co., and Citigroup Inc.
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Freddie Mac makes a move to stabilize the conforming-jumbo loan product
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