Freddie Mac Provides Update on Purchases of Conforming Jumbo Mortgages
|March 13, 2008|
Update on Purchases of Conforming Jumbo Mortgages|
Freddie Mac is temporarily increasing the conforming loan limits to provide much-needed liquidity and stability to the jumbo portion of the residential mortgage market. Freddie Mac, is using the descriptive term "conforming jumbo" mortgages to distinguish Freddie Mac-eligible jumbo mortgages from other jumbo mortgages that are ineligible for purchase by Freddie Mac and eligible conventional, conforming mortgages.