Monthly Archives for November, 2010

Is the Jumbo Loan Market Dead?

Posted on: November 16th, 2010 by
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"Jumbo loans" are loans above Fannie Mae and Freddie Mac loan limits, which in the state of Alabama is $417,000. In 2008, when the financial markets first felt the heat from the mortgage meltdown, many mortgage companies either went out of business or dropped their non conforming (any loan program that wasn't marketable to Fannie, Freddie, or HUD) loan products off of their menu. When Continue reading the story "Is the Jumbo Loan Market Dead?"

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