It turns out bigger isn’t always better. Jumbo loans — mortgages too large to be sold to Fannie Mae and Freddie Mac — fell by 12 percent by dollar volume last year, according to a new report from the Wall Street Journal. It’s a warning sign for banks that pivoted to cater to wealthy borrowers in the wake of the financial crisis. In general, a jumbo is any loan above $484,350, but in more expensive […]
source https://therealdeal.com/2019/03/21/slowdown-in-jumbo-mortgage-loans-forces-banks-to-rethink-focus-on-high-end-customers/
No comments:
Post a Comment