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February 2011

The End for Jumbo Loans?

Jumbo loans, or those with mortgages backed by the US Government from the current limit of $417,000 up to $729,750, may be cut back, as reported in the Feb 4, 2011 Washington Post.  The collapse of Fannie Mae and Freddie Mac, at the heart of the current financial crisis, has sparked a serious review of [...]