People want to think the sky will be falling once Fannie Mae and Freddie Mac close up shop.

On October 1st, both will likely be rolling back their super-conforming loan limit of $697,500 to $546,250 in San Diego.  Eventually Fannie/Freddie will be morphed into some quasi-private enterprise, and someday will be phased out altogether.  But there are banks ready to lend – besides the Big Four, we have already heard from Union Bank – here’s another.

Mutual of Omaha Bank is open in Carmel Valley, and Susan has a variety of mortgage options: