‘Jumbo’ Market Stages Quiet Recovery in 2009 As ‘Agency’ Programs Gather Momentum
December 10, 2009
Jumbo mortgage lending – originations of loans that exceed the benchmark $417,000 conforming loan limit – has bucked broader market trends in 2009 and continued to gather momentum, according to a new analysis by Inside Mortgage Finance. While overall mortgage originations sank by 25.5 percent from the second quarter to the third quarter of this year... [Includes two charts]