Jumbo loans, a favorite tool of lenders to finance high-end homes for wealthy buyers, sunk like a stone as coronavirus began impacting the economy starting in March. But there are signs that jumbo loans are beginning to rebound. Lenders shied away from those loans as a disproportionate number have entered forbearance agreements — 11.8 percent, compared to just 8.7 percent for all mortgages, the Wall Street Journal reported. Jumbos, which are not eligible for federal
source https://therealdeal.com/2020/06/26/the-jumbo-loan-market-crashed-with-covid-but-its-slowly-regaining-strength/
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