Jumbo Mortgages Are Back, but at Far From 2007 Levels

MandyBrazil | Feb 27, 2013 03:58 AM ET if the bank is demanding 30% down and 760 score plus verification of income plus one year payments in bank, how can it be a risk? this is great news

Prince-Minneapolis | Feb 27, 2013 05:50 AM ET Worry???? .....why worry.....we run this experimentt few years ago and worked out so well.... Nothing to worry about..... Happy Value Investing..... :)))))

720MP | Feb 27, 2013 06:03 AM ET cnbc the worry channel no wonder they keep losing viewers in droves

tarandfeathers | Feb 27, 2013 06:17 AM ET Worry? Worry about what? No matter what the banks do they have no fear!. The government is going to bail them out at our expense. Plus the banks will make a hefty profit on it anyway like they have now!

Sanoran | Feb 27, 2013 06:31 AM ET What `secondary markets`. bin-Bernanke is buying mortgages from Banks. bin-Bernanke never uses his personal funds... he prints money, in a convoluted manner. The Banks are eager to lend, because they are making a killing on commissions just by being middlemen. bin-Bernanke is not elected. He is kept in power by the Big Banks. So it is understandable that bin-Bernanke wants the Banks to get big bonuses. US Citizens cannot kick Bernanke out, but they are getting painfully rear-fornicated by Bernanke every time they fill up their gas tanks. The poorer you are the harder you are fornicated by Bernanke-inflation.

matt1966 | Feb 27, 2013 06:38 AM ET The yields jumbo loans provide maybe relatively better than conventional loans but they are a lot worse relatively speaking to what they were during the housing boom. So now, these loans, with their associated risks, are being securitized for a much smaller reward than before. Seems investors haven`t learned a thing. And when you use a REIT to buy a slice of this hot mess, you are REALLY ROLLING THE DICE. There is no way to know what is in those things-

ckoffend | Feb 27, 2013 07:00 AM ET This should be the standard requirement for all government back/purchased mortgages: "put up 30 percent of equity, show a FICO credit score topping 760, provide years of tax records and prove that he or she has a year of mortgage payments in the bank. "

sidfeinberg | Feb 27, 2013 07:08 AM ET Within 3 years, you`ll see the ALT A, and Sub Prime markets reinvent themselves.

MillionaireWageSlave | Feb 27, 2013 07:51 AM ET Well should I? Be worried?

giofls | Feb 27, 2013 08:04 AM ET Worried about jumbo loans? No. These are primarily to high income folks, require large down payments, and have very low risk. Worried about sub-prime coming back? Yes, since there has been no fundamental change in government policy, and if the markets busts again the taxpayers will once again pick up the tab. Worried about FHA doing exactly what they are doing today? Extremely. 3% down mortgages who can`t afford them is about as certain a disaster as there can be.






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

Lenders will have LOTS of cash to lend - TEA_BAGGIN_IDIOT | Feb 27, 2013 08:10 AM ET no....I look forward to the collapse of this country......at that time the revolution will begin

NewDay12 | Feb 27, 2013 10:01 AM ET No one... - by GPX458

U.S. stocks build gains on housing data - Jay Brenner
February 26, 201 No coverage of Senator Elizabeth Warren taking on Bernanke today? She asked him why the shareholders of AIG were wiped out while the bank shareholders were not.... - by JayB

Homeowners Rise Above Water on Mortgages - duck33 | Feb 21, 2013 11:29 AM ET If we had rule of law in this country none of this would every had happen. Guess what we still do not have rule of law so there is nothing keeping this from happenin... - by Kang5422

People cannot manage their own finances and overextend themselves - David Simons March 20, 2013 Great. First these people cannot manage their own finances and overextend themselves. Then they go bankrupt. Then I/We pay. THEN they go out and try again. And why are r... - by EMaTeo

IRS Data - TRUTHmin | Dec 5, 2012 01:52 PM ET I happened to look at this data yesterday Speculate717 | Dec 5, 2012 12:41 PM ET Just more welfare for the rich: kill it! ================== Populists are usually i... - by WDR



Jumbo Mortgages Are Back, but at Far From 2007 Levels

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!