SIFMA: Jumbo mortgages not eligible for TBA market

02/18/2008 | Reuters

The government's economic-stimulus plan allows Fannie Mae and Freddie Mac to buy jumbo mortgages up to $729,750, but those bigger loans will not be packaged into the to-be-announced market, as it is called. The TBA market is well-regarded because of its liquidity. SIFMA is reviewing the TBA market and jumbo loans and will soon update its position on both.

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