The economic upheaval brought on by the coronavirus pandemic has banks tightening their lending standards for even their wealthiest borrowers. Borrowers are having trouble securing new “jumbo mortgages” and refinancing their existing debt, according to Bloomberg. Jumbo mortgages are loans that are too pricey for the federal government to back — around $510,400 across most of the country and $765,500 in New York City and parts of California — so lenders take on all of
source https://therealdeal.com/2020/04/21/borrower-im-trying-to-use-logic-banker-thats-your-problem/
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