A few months back CitiMortgage stopped funding jumbo mortgages through loan brokers, a story broken by National Mortgage News on its website. It now appears that Citi is beginning to get a bit more aggressive on jumbo lending through its retail branches. But one former Citi jumbo broker told us that the bank's jumbo prices "are not competitive," adding that "they can keep the broker out and charge what they want." Meanwhile, we continue to hear reports from factions of the mortgage industry that certain servicers are refusing to modify loans unless a borrower is already delinquent. Perhaps, that's not big news, but we can only wonder that if a "current" loan is not modified whether it might eventually lead to a strategic default…
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