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October 9, 2013

Jumbo Loans Switch From Big Premium to Big Discount

Three Reasons Once upon a time — like in 2009, in the aftermath of The 2008 Crash — jumbo or “non-conforming” loans were significantly more expensive than conforming loans (under $417k in most parts of the country). When conforming loans were going for 5.5%, jumbo’s were fetching 6.25% or 6.5% — assuming you could find a...
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“Umm, You May Want to Park in Back”

Strip Mining(?!?) on Sunset Blvd. You could be forgiven for drawing that conclusion, if the only thing you had to go on was the photo above. In fact, the 20′ foot deep (?) trench where Sunset Blvd used to be is part of an ongoing sewer upgrade project. Note the three workers in the trench...
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