A new analysis by CoreLogic shows that while contract rates for jumbo loans appear to be lower than conforming mortgage loans on an unadjusted basis, the gap between the two narrows considerably, when the loans are controlled for loan, borrower, and property characteristics.
A 56-year-old government employee from Cleveland named Tom Pavelka had the "highest credit score in America" in 2012, the Daily Mail reported at the time. His near-perfect 848 ranked "higher than 100 percent of U.S. consumers," according to a letter he received from a credit bureau.
The number of homes available for sale in major West Coast housing markets dramatically increased last month on an annualized basis after more than six years of a shrinking inventory, according to new data from Redfin.
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