Jumbo Lenders Have No Answer for Problems in the Market but Say Liquidity, More Competition are Crucial
May 21, 2009
Mortgage lenders apparently have mixed feelings about how to jump start the moribund jumbo mortgage market, although they agreed with a recent National Association of Realtors study on the need for liquidity and increased competition to bring back confidence to the once-robust sector. Bank of America, which ranked second last year in prime jumbo loan production with $12.12 billion...