08 Jan 10 Jumbo Loan Market Remains Sluggish
In other mortgage news, jumbo mortgage loan market continues to get hit hard. Jumbo lenders offering jumbo loan products want significant down-payments even if the home loan applicants are earning large salaries. It would stand to reason that if any private label market returns it would be the jumbo sector where presumably the applicants would be in strong shape financially. However, they see nothing on the horizon whatsoever in regard to jumbo loan securitizations returning any time soon…Read more from National Mortgage News
