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» Hike in Fannie/Freddie Loan Limit in ‘02 Could Take Big Bite Out of Jumbo Market
Hike in Fannie/Freddie Loan Limit in ‘02 Could Take Big Bite Out of Jumbo Market
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The jumbo mortgage-backed securities market, which is on track to set a new record in issuance during 2001, could take a big hit in 2002. The reason? A potentially large rise in the conforming mortgage limit is looming on the horizon.