Jumbo loans have NOT been eliminated! The maximum loan amount is reduced, but mostly, they've been renamed: Fannie used to call them Jumbo Conforming but they are now called "High-Balance" Mortgage Loans. Freddie calls theirs "Super Conforming". (Sure would be nice if they'd both use the same name.)
Drop Dead of December 13th - DU Version 7.1 - DU is being updated to include "high-balance" rules as of December 13. As of the same date, they are taking away the "jumbo" rules. Bottom line, my guess is that no lender will take a jumbo if it's not entered into DU, regardless of how fast you can close it.
(Announcement 08-27 - Permanent High Cost Area Loan Limits (10-16-08)
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