0 minute readSigns of a slow thaw in the jumbo mortgage market are lifting the spirits of some Charlotte-area mortgage lenders. With prospects for an economic recovery slowly improving, Wells Fargo & Co. recently decided to expand a jumbo mortgage program that had been limited to its retail customers. The San Francisco-based bank is now funding some jumbo loans for mortgage brokers and purchasing jumbos from other mortgage lenders. “We’ve reached a comfort level with that product,” Wells Fargo spokesman Tom Goyda says of the decision to add more jumbo loans to the bank’s portfolio.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
