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Some things this bailout will not do is change the underwriting environment. It will continue to be very tight on qualifying standards. Jumbo rates and qualifying will stay elevated, for the most part. These loans are not purchased by Fannie and Freddie, so private sources need to fund them, and they are still suffering from low capitalization.

Underwriting is still as tight as ever.  Make sure you are working with a trusted advisor who can present you to underwriting in a way that will smooth the process.

Barbara

Your Trusted Advisor