FW: Inman AM: Signs of life in jumbo lending

 

 

Mark Daniel Adamczyk / Realtor
Office: 407-909-9331
Cell: 407-949-1916
Mark@ItsYourSale.com

 

http://www.ItsYourSale.com

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Monday, July 06, 2009 6:59 AM
To: mark@itsyoursale.com
Subject: Inman AM: Signs of life in jumbo lending

 

ADVERTISEMENT Less than 4 Weeks Left Until Connect SF '09! Get a year’s worth of networking in three days! Real Estate Connect San Francisco 2009. REGISTER TODAY TODAY'S TOP STORIES = Premium Member News - Join Now » Monday, July 06, 2009 Signs of life in jumbo lending Jumbo lending is staging a comeback of sorts, with major lenders once again buying the oversize mortgages from other lenders or allowing independent mortgage brokers to originate loans for them. Bank of America and Wells Fargo had already been battling each other for market share in jumbo lending this year, with BofA announcing in March it was cutting rates to make more of the loans, which are too big for purchase or guarantee by Fannie Mae and Freddie Mac. More » Preventing another bubble meltdown Some see Federal Reserve unfit as regulator Bankruptcy filings jump 36.5% 1.4 million consumers expected to file this year Erase black mark from credit report REThink Real Estate Renting to 'tenants from hell' Incessant trouble prompts question: Evict or sell? OTHER TOP STORIES Bond market to Obama: Wake up Commentary: Government borrowing a threat to long-term rates How do you spell 'recovery'? Realtor Notebook Zillow crunches new refi limits 6.6% of loans too deep underwater for Home Affordable refis Title premiums down 25% in Q1 Decline less severe than last year Mortgage rates retreat from highs Rates down quarter percent from '09 peak Latest News » NOTABLE QUOTE " I am of the opinion that this isn't a time of recovery but a time of transition between eras, going from an age of easy credit and overspending to one of frugality. I don't believe that we will all just climb out of it and it will be business as usual." --Teresa Boardman.	ADVERTISEMENT Are You a Part of the Future, or a Part of the Past? Connect SF 2009 will bring together the innovators, technologists, visionaries and risk takers who will define real estate’s future. Join Them! REGISTER TODAY HOME IMPROVEMENT Finding right 'square' for the job Seven styles handle most do-it-yourself projects 'Bubbling' drywall be gone 5 steps to restoring surface Black crud invades whirlpool bath How to effectively remove residue from pipes Latest news » ADVERTISEMENT Want to Know What's on Brad Inman's Mind? You can now follow him on Twitter @BradInman
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