Talk:Jumbo mortgage

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hud, fannie mae, bankrateare various forms of information sites.

Jlenders, Mortgage 101 and mortgage emporium solicits and continue to remove the links of information sites and put solicitations up.

HUD is a housing agency which is part of FHA, and insurance for mortgage lenders who wish to provide low income housing to homebuyers who may not qualify for conforming lenders. They insure the loan with a mortgage insurance premium. The loan amounts are not more than $417,000 which is similar to Fannie Mae (sometimes they can be lower, but have never exceeded Fannie Mae loan size limits.

Please find additional sources of Jumbo loan information. HUD is a conforming loan agency.

Another example is Respa laws which are primarily in place to assist consumers with loan amounts of under $300,000.00

This article is so not understandable and thus worthless. Obviously the smokescreen lenders put up regarding jumbo loans contributed to the subprime mortgage crisis. (my ip address really isn't relevant here)