Mortgage And Real Estate News

Saturday, October 18, 2014

Tomorrow’s Mortgage Space

What will next year's potential borrowers pursue? If this year's trend is any indication, jumbo mortgages will continue to be very popular in 2015.

"There is heavy competition between banks and mortgage bankers over jumbo loans," said Ruth Lee, executive vice president of sales, marketing and business development at Denver-based Titan Lenders Corp. "If we look at a $750,000 to $1 million loan amount, there is a significant amount of pent up demand. And the risk appetite is really conservative—no one wants to be on the bleeding of edge of how to finance jumbos."


Reuters: Business News

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