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» Prepayment Surge Likely for $35 Billion in Jumbo Mortgages as GSE Loan Limit Vaults Over $300,000
Prepayment Surge Likely for $35 Billion in Jumbo Mortgages as GSE Loan Limit Vaults Over $300,000
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Officials at Fannie Mae and Freddie Mac expect to snare a sizable chunk of new business next year – perhaps $35 billion or more – as over 100,000 existing jumbo mortgage loans suddenly become eligible for lower-cost agency programs.