Items Tagged with 'Jumbo loans'

ARTICLES

  • Housing market trends are stifling the jumbo mortgage market

    But the WSJ says lenders aren't backing down
    In the years following the financial crisis, mortgage lenders turned their attention to the jumbo mortgage market as high-end clients proved to be a safe and profitable bet. But now, recent trends taken a toll on the jumbo market, causing volume to fall 12% in the last year, a decline that outpaces the overall mortgage market by 5%. "Still, there are few signs banks are changing tack," The Wall Street Journal stated. "If anything, industry watchers say, they are becoming more competitive."
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  • Caliber Home Loans rolls out jumbo loans with 5% down and no mortgage insurance

    Borrowers can qualify for $2 million with 5% down and 740 FICO score
    With home prices continuing to rise without any relief in sight, more lenders are beginning to offer new jumbo mortgage products in an attempt to keep up with those rising prices. Now, Caliber Home Loans is unveiling a new jumbo mortgage program of its own – and this one features loans of up to $2 million with as little as a 5% down payment and no mortgage insurance.
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  • Jumbo mortgage lender Eave launches in Colorado, promising “ethical mortgages”

    Offers complete underwrite and close within 21 days
    A new mortgage lender is launching in Colorado this week, promising to bring “ethical” mortgages to borrowers looking to buy high-priced real estate. Eave, which bills itself as a “revolutionary” lender, is launching in Colorado and offering jumbo mortgages to homebuyers in the state.
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  • House Republican tax reform will slash mortgage interest deduction

    Plan limits excluding capital gains from home sale
    House Republicans released their new tax plan, and its implications on the housing market are much larger than expected. The new plan slashes the mortgage interest deduction significantly and excludes it entirely in some Jumbo markets. But don’t rush to lock in your mortgage, it’s already too late.
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  • AIG breaks into mortgage securitization big-time with high quality first offering

    Underlying mortgages’ average FICO scores are highest since crisis
    When American International Group sold its mortgage-guaranty unit United Guaranty to Arch Capital Group last year, the company said that it planned to turn to residential mortgages to make up for the loss in revenue from the sale of United Guaranty. But AIG didn’t start originating new loans. Rather, the company has been buying up high-quality jumbo mortgages, and now plans to securitize those loans.
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  • Neat Capital unveils digital mortgage platform, acquires Whole Loan Solutions

    Boasts 12-day loan closings
    Neat Capital, a Boulder, Colorado-based fintech mortgage lender that focuses on jumbo loans, announced that it launched a digital mortgage platform that offers “fast, transparent, and painless loan approvals” and boasts average loan closing times of 12 days. But that’s not all the company news of the day. Neat Capital also announced that it acquired Whole Loan Solutions.
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