As you are probably aware, the secondary market for jumbo loans has for the most part dried up. The loss of this market has reduced the number of jumbo mortgage lenders who are able to provide loans in this space.
According to Bloomberg Business News, lenders are starting to come back to the jumbo and super jumbo loan market. This article describes how some of the major banks are starting to dip their toes in the water, after being absent for well over one year.
For homeowners and homebuyers in California, especially in San Francisco and San Mateo Counties, this is great news! Not to mention for mortgage brokers like myself, who have not been able to offer a wide variety of jumbo mortgage and super jumbo mortgage products for a long time
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