But, it has to be owned or guaranteed by Freddie or Fannie, meaning presumably that it must fall within conforming limits. The coastal areas were mainly in JUMBO territory, not conforming loans.
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FSD: I have read some of the breaking news on this, but can’t seem to get 100% if when they talk about conforming if they mean the old limits (417k)or the new ones (2009 revised 625k for So Cal)? They have to mean the new ones, right? Unless they really are only looking at helping “the poor.”
