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August 01, 2006
Jumbo Refinance Mortgages from Sub Prime Lenders for Borrowers with Bad
Conforming loans are known as "A" loans. These are loans that are funded by Fannie Mae (FNMA) and Freddie Mac (FHLMC). Jumbo loans are loans that exceed the maximum limit funded by Fannie Mae and Freddie Mac (currently $417,000 for single family homes). Jumbo loans, bad credit mortgage loans and any other type of non-conforming loan are known as "B" loans. "B" loans are more typically referred to as sub-prime loans which are underwritten by sub-prime
From Jumbo Refinance Mortgages from Sub Prime Lenders for Borrowers with Bad
Posted by Murray at August 1, 2006 05:46 PM
