The mortgage market has undergone unbelievable changes in the last few years. In February, Congress temporarily raised the loan limits for FHA, Fannie Mae, and Freddie Mac as part of an economic stimulus package to provide liquidity for the jumbo loan market.
The retail market for mortgages has somewhat dried up with the current events. Still FHA-insured mortgages have grown substantially with Fannie and Freddie the biggest buyers. Lawmakers are pushing both mega-buyers to do more in spite of their capital ... Log in to view full article.