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Jumbo Mortgage

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Fannie, Freddie Look to Jump-Start Market for Jumbo-Conforming Mortgages 

Apr 17, 2008By

Both Freddie Mac [stock FRE][/stock] and Fannie Mae [stock FNM][/stock] on Thursday announced strong 90-day pricing commitments on jumbo conforming mortgages — a clear attempt to jump start a subsection of the mortgage market that has moved absolutely nowhere since underwriting guidelines for the new loans were unveiled in mid-March.

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