Jumbo Market Held Up Better Than Government-Insured, Conventional-Conforming Sectors in 4Q15
February 11, 2016
Don’t tell Bernie Sanders this, but the upper class appeared to suffer less than other folks during the fourth-quarter decline in mortgage production, according to a new Inside Mortgage Finance ranking and analysis. Mortgage lenders produced an estimated $78 billion of big-ticket home loans to, hopefully, well-to-do borrowers during the final three months of last year. That was down 8.2 percent from the third quarter, a little over half the rate of decline in total mortgage originations during the period. For the full year, jumbo mortgages accounted...[Includes two data tables]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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