Tag Archives: jumbo loan

Homebuyer purchase loan demand falls again as mortgage rates firm

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After picking up during the first three weeks of January, applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs. Continue reading →

The million-dollar question: Do $1M Freddie Mac mortgages conflict with affordable housing mission?

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Redwood Trust, which issues jumbo loans that are off limits to Fannie and Freddie, says costlier markets are better served by private lenders. Continue reading →

Rising home prices boost demand for jumbo mortgages

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Record-breaking home price appreciation is changing borrower behavior and the make-up of the mortgage market, said Black Knight Secondary Marketing Technologies President Scott Happ. Continue reading →

Wells Fargo suspends jumbo mortgages as demand fades

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In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading →