Items Tagged with 'banking institutions'

ARTICLES

  • Lower conforming loan limits to shift the jumbo space

    Some jumbo borrowers may find themselves sidelined, priced out of the market
    Without government backing, borrowers who once qualified for conforming high balance loans will find themselves facing higher jumbo rates. In addition, they will have to meet jumbo/non-conforming guidelines that require larger downpayments and higher credit scores.
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  • Nation's Largest Banks Speak Out on Debt Ceiling

    The CEO's of the nation's largest banks have sent a letter to President Obama and members of Congress urging them to take action this week on resolving the debt ceiling crises. Concerned that the current deadlock could lead to in action, the letter suggests that the resulting impacts would deeply threaten the economy, still struggling job market and over all economy. "Our economic recovery remains very fragile,"  the letter stated.  "A default on our Nation’s obligations, or a downgrade of America’s credit rating, would be a tremendous blow to business and investor confidence – raising interest rates for everyone
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