Conforming Jumbo Market Showed Some Signs Of Life in 2Q09 as Fannie and FHA See Big Gains
September 24, 2009
The jumbo mortgage lending business saw a solid rebound in new originations during the second quarter of 2009, but the success of the so-called conforming jumbo programs – especially at Fannie Mae and the FHA – have taken a big chunk out of the traditional jumbo market. A total of $28.0 billion of jumbo mortgages over the maximum $729,750 conforming loan... [Includes three charts]