Chase is leading the way in making a move back into the Jumbo Loan Market. They are requiring that applicants for these loans have a Chase Checking account because their research shows that mortgage holders that are checking account customers are less likely to default.
JMO:
I'm encouraged that the big banks are acknowledging that a market turnaround will require that we revitalize the jumbo loan market. It is plain to see that without jumbo financing, home prices are trying to find the conforming loan limit as their value.
Tuesday, September 1, 2009
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