U.S. Banks Eye Jumbo Mortgages

Dow Jones, June 2, 2016–Andriotis, Annamaria

For most large U.S. banks, the jumbo mortgage reigns as the loan they want to hold on their books. It wasn’t always this way. Terms can make the loans less appealing to investors in the secondary market, increasing the chances that they will stay on banks’ books for many years, said David Stevens, president of the Mortgage Bankers Association.