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Jumbo Loan

Jumbo Loan
A loan that exceeds a $1 billion sum or a loan that exceeds the limits set by the Federal Reserve for securitization. These loans cannot be guaranteed by Freddie Mac or Fannie Mae.

Related posts:

  1. Freddie Mac (Federal Home Loan Mortgage Corporation)
  2. Agency Pass-Throughs
  3. Federal Home Loan Banks
  4. GMCs (Guaranteed Mortgage Certificates)
  5. Project Loan Certificate (PLC)
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