Jumbo Loans: Do They Make Sense in Your Situation? Posted By : Brian Jenkins
Freddie Mac and Fannie Mae are the names of two federal agencies that are in charge of home loans. Part of the duties of Freddie Mac and Fannie Mae are the setting of conventional loan limits. The conventional loan limit is the amount of a loan that these agencies were permitted to back, any higher amount was considered too risky for the federal government to get involved.
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