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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: jumbo mortgages

jumbo mortgages stories: 2 news summaries

(Newser) - It’s a tale of two housing markets out there. While low and mid-priced homes are enjoying a resurgence, high-priced residences are languishing unsold, their prices falling rapidly, the Wall Street Journal reports. “We’re extremely oversupplied,” says a real estate agent in an affluent Illinois town,... More »

MORE ABOUT:
real estate • housing market • Federal Housing Administration • real estate values • luxury homes • Timothy Geithner • jumbo mortgages

 Jumbo Mortgage Defaults Soar 

Banks and investors brace for a new wave of defaults as jumbo loans default

Jan 28, 09 8:33 AM CST
(Newser) - Jumbo mortgages are now going south at an alarming rate, reports the Wall Street Journal, as affluent Americans face mounting layoffs and see their stock portfolios shrivel. Nearly 7% of prime jumbo loans—which average $750,000—were at least 90 days delinquent at the end of 2008, up from... More »

MORE ABOUT:
foreclosure • mortgage delinquency • JPMorgan Chase • financial crisis • Jamie Dimon • jumbo mortgages

2 Stories


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