On February 13, 2008, President George W. Bush signed the Housing and Economic Recovery Act of 2008 ( Pub. L. 110–289 (text) (pdf), 122 Stat.

Who regulates jumbo loans?

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.6 trillion in funding for the U.S. mortgage markets and financial institutions.

Where do jumbo loans start?

Any loan that exceeds $822,375 is considered a jumbo loan. Individual counties such as Solano County and San Joaquin county have lower jumbo loan limits.