Posted on: 08th Aug, 2009 05:25 am
Who determines the jumbo mortgage loan amount in the U.S.?
This is iportant information about the Jumbo Loan.
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Freddie Mac and Fannie Mae these are two US Market players who affects Jumbo Mortgage amount in US.
US largest secondary market mortgage players - Freddie Mac (FHLMC) and Fannie Mae (FNMA) are two lenders who purchase standard conforming mortgages from direct lenders, thus ensuring sufficient cash flow in the mortgage market.
Freddie Mac and Fannie Mae these are two US Market players who determine the jumbo mortgage amount in US.