Monday, July 11, 2011

Banks see opportunity in reduced federal mortgage limits

http://wapo.st/pW4WlQ


How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-size loans find themselves in a financing squeeze after Sept. 30, when the limits plunge in key markets across the country ?


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