A lot of major banks are staying in the jumbo mortgage business because a significant percentage of those affluent borrowers are buying homes. 

The qualified mortgage rule makes those high-balance loans more risky particularly for interest-only jumbos and jumbos with debt-to-income ratios above 43%.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry