Virtually all loans in two coasts are jumbo loans. Unfortunately, jumbo loans either have much higher interest or can not obtained at all (since no buyers of jumbo loans, even the government does not want to take the risk).
RE is a die-hard business. It takes a while to unwind.
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No, not all loans on both coast are jumbo, mine are not
-miat42-
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08/16/2007 postreply
09:49:30