GSE Jumbo Authority Survives, But at a Lower Limit
August 6, 2008
Lenders that sell the so-called GSE jumbo mortgages to Fannie Mae and Freddie Mac should be able to breathe a bit easier after President George Bush last week signed H.R. 3221, the Housing and Economic Recovery Act of 2008, the massive housing legislation passed earlier in July by the House and the Senate. Of particular interest to loan sellers is the continuation of the new conforming...