Credit

Freddie Looks to Compete with Fannie on Conforming Jumbo Mortgages 

Freddie Mac on Wednesday released its guidelines for conforming jumbos — and, yes, that’s what the GSE is formally calling the newly-and-temporarily conforming loans above the traditional lending limit. The guidelines at Freddie, interestingly, paint some areas of contrast from Fannie Mae; the differences likely signal an attempt to capture some additional share, and come somewhat as a surprise to some market participants that had expected guidelines at each GSE to mirror one another.