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Jumbo loans for high-end buyers: a Jumbo Loan is a conventional loan that exceeds conforming loan limits.

Publication: Alaska Business Monthly
Publication Date: 01-OCT-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Conventional loans may be conforming and non-conforming. Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two stockholder owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, package the mortgages into securities and sell the...

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