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Fannie Mae Announcement 08-09, April 4, 2008
Conforming Jumbo Rules Slightly Relaxed & Clarified
Fannie gives us one minor concession with their limited cash-out product, and they provide a few clarifications. What about everything else, like increasing the LTVs or adding a cash-out product? Amazingly, I STILL prefer Fannie to Freddie overall. Keep reading.
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