Wednesday, October 17, 2007

Loan difficulties blamed for poor housing market (San Bernardino Sun)

Blame it on jumbo. No, not the 1962 Doris Day/Jimmy Durante movie about a lovable elephant. These jumbos are the mortgages required when a home loan exceeds federal lending limits, and they're a drag on the California housing market.

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[Source: Yahoo! News Search Results for housing loan]

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