It's about time that Fannie finally came up to the plate with their jumbo products! We all know that the details can make or break a loan, so I'm doing a lot of Fannie/Freddie comparisons.
I'm surprised by how many differences there are between the two agencies. Use the differences to your advantage and go get'em while you can!
But beware! LP approvals do not override Freddie's Jumbo eligibility requirements, which include credit scores and DTIs.
Expanded Fannie Mae Jumbos
(Fannie Mae Announcement 08-11, May 16, 2008)
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