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Jumbo Mortgage News!

<div class=”utterz-entry utterli-entry”><div class=”utterz-text utterli-text”>Recent announcements by the Private Mortgage Insurance companies no longer allow mortgage insurance coverage on loan amounts over $417,000 in the states of: Arizona, California, Florida, or Nevada.<br /> <br /> <br /> <br />Therefore, effective immediately, any Super Conforming Jumbo loan in those states is limited to a max LTV of 80%, regardless of LP approval. The limitations on the loan amount are dictated by the maximum county limits in the HUD High cost Lookup for Fannie/Freddie 2009 Limits, and as reflected on the LP Feedback.<br /></div><br /><a target=”_new” href=””>Mobile post</a> sent by <a target=”_new” href=””>FredGlick</a> using <a target=”_new” href=””>Utterli</a>. <a target=”_new” href=””><img border=”0″ style=”vertical-align: middle; border: none; padding: 0px;” src=”” alt=”reply-count” /></a> <a target=”_new” href=””>Replies</a>.</div>

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