Jumbo Mortgage Market Disappearing as Lenders Shun Risk
Bankrate.com, Apr. 3, 2020–Ellen Chang
The jumbo loan market is shrinking as some mortgage lenders are facing a liquidity crunch. It’s the perfect storm for lenders as millions of homeowners are seeking forbearances after losing their jobs from coronavirus shutdowns and investors who buy bundles of jumbo mortgages have exited the market.