Fannie Mae will now allow fixed-rate jumbo loans with 10-year interest-only periods on all property types, according to a seller announcement Friday. In addition, jumbo programs include hybrid LIBOR adjustable-rate mortgages and interest-only hybrids. On owner-occupied properties, refinances up to 75 percent loan-to-value are allowed with up to $100,000 cashout, while ARM LTVs can go up to 90 percent, Fannie said.
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