How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
W S

Jumbo mortgage market's slow return to normal

/ Print / Reprints /
| Share More
/ Text Size+
For the uninitiated, the mortgage world right now is divided into three parts: Conforming, jumbo conforming and jumbo. A conforming loan is one at $417,000 or less, a jumbo conforming loan is between $417,000 and $729,750, and a jumbo -- also known as super jumbo -- is anything above that. Usually, there are only two segments, conforming and jumbo. But because of the mortgage crisis, there is currently a middle ground, the jumbo conforming level.

Recent Articles by Diana Golobay

Comments powered by Disqus