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>> And is this just for Fannie/Freddie-backed mortgages Since 2008, the market for "Non-Agency loans -- i.e., not Fannie and not Freddie" has dwindled. Almost
by TuringNYC 6y ago
>> And is this just for Fannie/Freddie-backed mortgages
Since 2008, the market for "Non-Agency loans -- i.e., not Fannie and not Freddie" has dwindled. Almost all loans originated at banks end up and Fannie/Freddie.
Banks are just the originator.
- cactus2093 6y agoThis may be true as a nationwide trend, but in places like the Bay Area the median housing price is well above the cutoff for jumbo loans, so the majority of people taking out a 20% down loan will not have it backed by Fannie/Freddy.