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Although the Economic Stimulus Bill was passed into law earlier this month, FNMA is not ready to offer to purchase the loans between the existing conforming limit of $417,000 and the new limit, which should be over $729,000.  FNMA has to find a market to buy these loans once FNMA buys them from lenders. Thusfar, this is not in place.

Posted by Joyce Riviere on February 26th, 2008 7:05 AMPost a Comment (0)

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