Top Jumbo Mortgage Lenders in Fourth Quarter 2008
Most mortgage rates we see advertised are for conforming mortgages, which for sake of simplicity, are good for loan amounts up to $729,750.
But what about those of us looking for larger loans, otherwise known as jumbo mortgages? Who’s offering them and at what price?
Well, as I recently noted in an article, Return of the Jumbo, it looks as if this type of financing is making a bit of a comeback, after Read more
Fourth Quarter Mortgage Originations Slide at Citi, BofA
Bank of America saw total mortgage production of $44.6 billion in the fourth quarter, down from $51.5 billion in the third quarter, but nearly double the $24.5 billion seen a year earlier thanks to its acquisition of Countrywide.
At the same time, home equity loan originations slipped to just $5.3 billion from $7 billion a quarter earlier and $19.3 billion a year ago.
Total mortgage production for 2008 Read more