The Return of Jumbo Mortgage
Posted in Mortgages on Apr 5th, 2009
This is good news, banks are starting to realize that they make money by lending. Jumbo mortgages became more expensive and harder to come by as the nation’s credit crisis deepened. That might be starting to change. “Jumbo” refers to mortgages that are too large to be bought by Freddie Mac or Fannie Mae. The [...]