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Jumbo Limits For GSEs A Good Idea? Fed suggests raising Fannie and Freddie conforming limit in loss-mitigation efforts

Fannie Mae and Freddie Mac have built their businesses around providing housing opportunities for the common' American. But amid pressure from mounting mortgage resets, Federal Reserve Chairman Ben Bernanke has floated the idea of raising Fannie and Freddie conforming limits to include Jumbo loans up to $1 million, which...

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