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Loan Modification

: Mortgage Lender Implode-o-Meter

Qualifying for a Jumbo Mortgage in the Post Boom Era

By Implode-Explode Heavy Industries

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``Jumbo loans are not commodities. Today, most jumbo loans come from the big banks that are keeping loans on their books instead of selling them. Falling property values are still a concern, but with jumbo loans requiring a lower loan-to-value ratio, even if housing prices dropped sharply, the risk to the bank is low.''

Full post as published by Mortgage Lender Implode-o-Meter on August 10, 2010 (boomark / email).

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