The housing crisis of the last decade taught the American public plenty about subprime and prime mortgage lending. But we rarely heard about the market for jumbo loans, that is mortgages typically valued at $500,000 or more. When the market crashed, this entire sector was essentially frozen. Although that has changed, there is still a common misconception that the market for jumbo loans is stagnant, null and void, or stuck in limbo. Market consensus says it’s probably too early to classify current jumbo activity as a resurgence in the marketplace, but factors including supply and demand are definitely improving. Even securitization in this sector has planted its first roots. All in all, things are alive and kicking, but the market still has yet to get back on its feet.
Jumbo: Mega-mortgage finance looks to cash in on new found opportunity
April 4, 2011, 10:28am
Christine was a reporter with HousingWire through August 2011.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Christine was a reporter with HousingWire through August 2011.see full bio
