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Has anyone noticed the new temporary 2009 High Limit ($729,500) being offered by any lenders, and if so who? Furthermore do any AE's or MBS/Secondary folk have any insight as to timing? It was eligible for sale to FNMA effective May 1st. I am concerned that because it expires December 31st, it will...
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You cant' really look at the spreads on MBS vs. the rate sheet as a cause of jumbo defaults. The interest rate spread built into jumbo loans already gives them the margin necessary to negate the risk of a larger loan defaulting (which cause more of a loss in foreclosure than a lower loan). The spreads...