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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (149584)9/23/2008 4:46:09 PM
From: Jim McMannisRead Replies (4) of 306849
 
you're talking about the jumbos right? They don't want to loan over 729k. Mortgages for more than $417,000 are called jumbo loans because they have been too large to be purchased, packaged and sold to investors by the two, big, government-chartered mortgage companies. 729k must be for new conforming Jumbos.
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