Tag Archives: Conforming Loan Limit

Jumbo Mortgage Divide Starts Shrinking

“The jumbo market has heated up, as tight lending guidelines have drastically reduced consumer late payments, strategic defaults, and foreclosures,” wrote Julian Hebron, a mortgage banker in California and author of the blog The Basis Point. “This gives investors confidence … Continue reading

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Bay Area home sales rise, but prices fall

Bay Area home sales and prices remain lackluster, especially at the high end of the market, according to a real estate report released on Wednesday. “Sales are subpar, prices mainly flat and I don’t anticipate much change,” said Andrew LePage, … Continue reading

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Upcoming Drop in Loan Limit Could Adversely Affect Bay Area Borrowers

Walnut Creek, CA (Vocus/PRWEB) June 10, 2011 Fannie Mae and Freddie Mac, the private mortgage lending entities under government conservatorship, are set to reduce their maximum conforming loan limit from the current $729,750 to $625,500 on October 1st. Bay Area … Continue reading

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Mortgage Reform: Let the Games Begin

Page 1 of 2 | Next PageShow Entire Article As expected, the fight over the fate of Fannie Mae and Freddie Mac is now heating up on Capitol Hill. Later today House Republicans are expected to introduce a bill from … Continue reading

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