Finance
Which of the following is an example of a non-conforming loan?
AAn FHA-insured loan
BA jumbo loan exceeding Fannie Mae/Freddie Mac limits✓ Correct
CA VA-guaranteed loan
DA conventional loan at 80% LTV
Explanation
A jumbo loan exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, making it a non-conforming loan that cannot be sold in the standard secondary market.
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