It is Good to Know

Since the last “Good News from Doctor Manny” newsletter, the mortgage industry has gone through some big readjustments. As I mentioned in my last e-mail to you, we now operate two companies – a branch of Bay Equity – a mortgage bank for residential loans, and Pacific Bay Financial, which now originates only commercial mortgages.

It is my commitment to continue share information with you that will help you navigate through both the mortgage industry and the maze of life. I’ve changed the format and titled it, “It Is Good To Know”.
 
19 Nov

It is Good to Know - July '11

Published by pacbay in
It is Good to Know

Change in loan limits is around the corner. Most of the mortgages made today are sold to Fannie Mae and Freddie Mac. These agencies set yearly loan limits, which are divided into conforming and agency jumbo limits. In turn, they have limits depending on the number of units in a building.

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