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Jumbo Mortgages Are Back, but at Far From 2007 Levels

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.






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Latest Comments

US Consumer Watchdog Tightens Mortgage Lending Rules on Banks - matt1966 | Jan 10, 2013 05:11 AM ET It`s a shame that it`s taken until now to codify these common sense rules. On the other hand, it`s a shame that it`s even necessary to codify these common sense ru... - by GZ3C

bigger down payment - johnnyvic | Jan 22, 2013 11:11 AM ET My last post was cut off... Yes, short term price increases can make people in the business a lot of money, or trick home occupiers into spending well beyond thei... - by hackman

Homes for sale for an average of 6-12 months - MBA_grad | Jan 28, 2013 10:38 AM ET Here in the Desert Southwest, I can`t find a decent home to buy. Most houses in my area have been for sale for an average of 6-12 months, with only a few new ones ... - by BCNw5

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
BBB7525

US Mortgage Applications Post Big Drop - matt1966 | Dec 19, 2012 10:32 AM ET Loan demand drying up? Oh, that`s ez to fix. Just start lowering the standards- It`s only a matter of time before the drumbeat to do that occurs. Or maybe there wo... - by Max64



Jumbo Mortgages Are Back, but at Far From 2007 Levels

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