Signs 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.

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Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?

Feb 17, 2020 By
3d rendering of a row of luxury townhouses along a street

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